Sunday, October 07, 2007

Siemens Italian HQ Sold for EUR 85 Million

PropertyEU - October 4, 2007

RAS Immobiliare has agreed with German electronics giant Siemens on the purchase of the company's Italian head office in Milan. The acquisition price comes to a total of EUR 85 mln. The office building was sold in a sale-and-lease-back transaction, news agency Radiocor said on Thursday. The property is earmarked for Antares, a closed-ended fund offering real estate exposure to institutional investors. Sphere: Related Content

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