On June 15, the REIT manager said that it had entered into a conditional contratto di vendita, also known as a notorial deed, with the tax police on behalf of the Italian state property, to divest the asset.
The divestment is subject to several conditions including approval from the Court of Auditors and the Central Budget Office at the Ministry of Economy and Finance.
No figures were released.
As at 3.24pm, units in Cromwell European REIT are trading 1 Euro cent higher or 0.63% up at EUR1.59.
