December 20, 2016 / 4:51 PM / 8 months ago

BRIEF-Coima Res buys 36 pct stake in two commercial properties in Porta Nuova, Milan

Dec 20 (Reuters) - Coima Res SpA SIIQ :

* Acquires 36 pct of a Porta Nuova redevelopment opportunity in joint venture

* Agreement signed for the acquisition of a stake in two commercial properties in Milan for a total expected investment of 140 million euros ($145.39 million)

* Will contribute a 36 pct pro-rata share of the total investment (51 million euros, of which about 25 million euros of equity)

* Joint venture partner Coima Opportunity Fund II, a development fund backed by a sovereign wealth fund, will contribute the remaining 64 pct Source text for Eikon: Further company coverage: ($1 = 0.9629 euros) (Gdynia Newsroom)

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