11.08.2010 - Stam Europe, Area poised to buy EUR 240mln Italian property fund
From Propertyeu.info: A consortium of Stam Europe and Area Property Partners is close to clinching the acquisition of the Comune di Milano I real estate fund from BNP Paribas REIM, PropertyEU has learned. French investment manager Stam Europe and UK-based fund manager Area Property Partners are taking over the closed-end investment vehicle for a net equity price of EUR 87 mln and the assumption of EUR 153 mln in debt. This gives the fund an asset value of EUR 240 mln..............................................Full Article: Source
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