COIMA buys seven properties in Milan

COIMA RES has signed a binding agreement for the acquisition of a stake in the real estate fund Porta Nuova Gioia, managed by COIMA SGR, which owns Gioia 22, a property currently being developed at Via Melchiorre Gioia 22 in Milan.

The purchase price of the units of the fund being purchased ,as indicated in the co-investment contract, will be calculated on the basis of the value of the fund resulting from the last report available at the date of the transfer of the units being purchased, being understood that, for the aim of the calculation of the value of the fund, the completed and leased property will be attributed a conventional value of €442.1 million ($498 million).

In particular, on the back of the designation of COIMA SGR, COIMA RES will enter into a preliminary co-investment contract with UBI Banca S.p.A. related to the purchase from the latter of a stake between 10 percent and 25 percent of the units of the fund (the co-investment contract), the completion