Brief: Nova Re To Sell Property In Milan For EUR 32 Mln

Next Re SIIQ SpA

25/06/2018 07:39

June 25(Reuters) - Nova Re SpA  NR.MI :
    * ANNOUNCED ON FRIDAY IT SIGNED PRELIMINARY CONTRACT FOR
SALE OF
REAL ESTATE PROPERTY IN MILAN FOR 32 MILLION EUROS
    * THE FINAL CONTRACT TO BE SIGNED BY JULY 31
    * OPERATION WILL GENERATE A NET CAPITAL GAIN OF AROUND 1.2
MILLION
EUROS FOR THE CO
    * CO WILL CONTINUE TO LEASE PART OF THE PROPERTY THROUGH A
LEASE
CONTRACT WITH AN ANNUAL FEE STARTING AT 90,000 EUROS FOR THE
FIRST YEAR

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA2PssRP
    
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