Spazio Investment, the Amsterdam-based industrial real estate firm managed by Italy's Pirelli RE, said that its Spazio Industriale fund is likely to miss its full-year disposal target. The company said in September it planned to dispose of up to EUR 140 mln of assets by the end of 2008, but as the financial market crisis widened in the second half of the year it now expects sales in the full year to amount to just EUR 70 mln. This includes EUR 57 mln worth of properties the company agreed to sell in the first six months of 2008.
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