Central Sicaf S.p.A. completes the sale of a portfolio of 16 mixed-use properties, located from north to south Italy, for € 91.3 million.
Milan, 04 November 2022 – Central SICAF S.p.A., a company under the management and coordination of Covivio S.A., has finalized the sale of a portfolio of 16 properties, distributed throughout the national territory, to an international investor, for a total value of 91.3 million euros.
The transaction concerned the sale of mixed-use buildings, currently leased to a leading telecommunications operator.
Marco Bignami, CEO of Central SICAF, “This transaction allows Central SICAF to take another important step toward implementing its strategy of rationalizing its real estate portfolio. The transaction also confirms how income property investment is a useful means of inflation protection, as evidenced by the high interest of global investors even in the changed macroeconomic environment.”