(Alliance News) - Borgosesia Spa on Thursday reported that it closed the first quarter with real estate sales totaling EUR6.1 million, compared with EUR8.5 million in the first quarter of last year.

The company explained that this amount includes those resulting from preliminary contracts, irrevocable purchase proposals and collections and is functional to the higher incidence, on the overall portfolio, of the assets to date destined for leasing, which are estimated to generate EUR3.5 million or so in rents during the 2024 fiscal year.

Borgosesia's stock closed 0.3 percent in the red Wednesday at EUR0.69 per share.

By Claudia Cavaliere, Alliance News reporter

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