PARIS (Agefi-Dow Jones)–The listed real estate investment company Covivio announced on Wednesday the sale of a multi-tenant office building to the real estate investment fund Aermont Capital.
“The property complex, with a gross area of 28,000 square meters, is located at Viale dell’Innovazione 3 in Milan, in the Bicocca area,” the group said in a statement.
“With this transaction, which is expected to close in December, Covivio continues to streamline its
heritage”, added Covivio, stating that it is continuing its active asset rotation policy.
As part of its strategy, the group is thus selling “non-core” or mature offices, “while reinvesting in new developments such as the headquarters of L’Oréal and Moncler in the The Sign and Symbiosis districts of Milan”. , he also said.
-Francois Berthon, Agefi-Dow Jones; +33 (0)1 41 27 47 93; [email protected] ed: LBO
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March 16, 2022 13:55 ET (17:55 GMT)