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Coima Res buying property complex in Milan

Posted: 17 January 2017

Coima Res bought a building complex consists of two separate buildings with a total net area of about 13,650 sqm to € 46 million.

The office complex is located in Via Private Deruta, in the north-east outskirts of Milan.

It said in a statement that indicates that the property is currently rented by BNL with a gross annual rent of € 3.5 million and a gross return of 7.5% (6.8% on Epra yield).