Italy's Estcapital, on behalf of its RealShops fund, has sold a building located in the historic centre of Verona, Northern Italy, and fully leased to the fashion retail chain Gruppo Coin. The property, with 6,000 m[sup]2[/sup] of lettable area, was sold for EUR 19 mln, a 17% increase on the asset value of EUR 16 mln. The transaction reflects a gross yield of 5.9%. Estcapital said it has realised gains of EUR 2.7 mln from the sale of the asset.
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