Nitsba Holdings Ltd. yesterday signed the sale contract for two office buildings in the Montrouge Pelletan neighborhood of Paris for €30 million. The Paris municipality has a 60-day first refusal rights to buy the property. Nitsba added that its subsidiary which owns the properties would post a pretax capital gain of €5.3 million on the sale. Nitsba owns 90% of the subsdiary.
The two properties were leased to France Telecom until last month. Nitsba expects to close the deal by September.
