(Finance) – Next Re SIIQa real estate company listed on Euronext Milan, has signed the purchase and sale contract with Zeta Investment relating tomotionlessowned by Next Re, located in Milan, Via Spadari 2/A, for a sale price of 45.5 million euros plus taxes.
The company has definitively acquired the consideration that is used for the partial early repayment of members’ financing signed on 27 January 2021 with the controlling shareholder CPI Property Group.
The assignment has a strategic value for Next Re as it allows it to achieve some objectives of the 2024-2028 Business Plan in advance, with particular regard to the rotation of the existing real estate portfolio and the reduction of its debt exposure through repayment of currently existing loans.