/

Beni Stabili SIIQ sells a property in Milan to Luxottica for €114.5 mln

Posted: 4 July 2017

Beni Stabili has signed the agreement for the sale, to Gruppo Luxottica, of a 11,705 sqm property in Milan’s Via San Nicolao for about €114.5 million.

The property, purchased in 2002 by a leading Italian bank, was vacated in 2011 and fully refurbished by Beni Stabili to the highest market standards before being let to Luxottica.

The price of the property is higher than its valuation.