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BRIEF-Beni Stabili to sell to Luxottica Group offices for about EUR 114.5 mln
June 27, 2017 / 3:48 PM / 5 months ago

BRIEF-Beni Stabili to sell to Luxottica Group offices for about EUR 114.5 mln

June 27 (Reuters) - BENI STABILI SPA:

* SIGNS BINDING AGREEMENT TO SELL TO LUXOTTICA GROUP SPA AN ASSET OF 11,705 SQM OF OFFICES LOCATED IN MILAN VIA SAN NICOLAO FOR ABOUT €114.5 M

* PRICE FOR ASSET IS ABOVE BOOK VALUE AND IMPLIES A NET EXIT YIELD OF 4.2% BASED ON A RESIDUAL LEASE MATURITY OF ABOUT 4 YEARS Source text: reut.rs/2uemNvs Further company coverage: (Gdynia Newsroom)

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