Brief: AbitareIn To Buy Development Plot In Milan

Abitare In SpA

22/01/2020 06:35

Jan 22 (Reuters) - AbitareIn SpA  ABIT.MI :
    * SAID ON TUESDAY UNIT SIGNED PRELIMINARY AGREEMENT TO BUY
DEVELOPMENT PLOT IN MILAN IN PORTA ROMANA AREA
    * TO PAY EUR 16.1 MLN WITH AN EARN OUT OF MAXIMUM EUR 6 MLN
    * FOLLOWING CITY HALL APPROVAL, PLOT WILL BE ABLE TO HAVE
30,000
SQUARE METRES OF RESIDENTIAL SPACE    
    * UNDER TERMS OF PRELIMINARY AGREEMENT, COMPANY WILL TAKE
OVER
RECLAMATION OPERATIONS ALREADY IN PLACE  

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA28lBLc
    
 Further company coverage:  ABIT.MI  
   


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