Italian bank UniCredit has sold part of its real estate portfolio to the Omicron Plus Immobiliare fund run by Italian property fund manager Fimit for EUR 800 mln. The bank is retaining the use of the buildings as well as a 33% stake in the fund. Omicron is being invested by institutional investors including Fimit's listed investment vehicle Beta Immobiliare, which bought 1,200 units of Omicron for a total of EUR 30 mln.
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