German investor Allianz is in exclusive negotiations with Italy's Lamaro Group to acquire the Porta di Roma shopping centre in the northern part of Rome for over EUR 400 mln. The sale by the Toti brothers' Lamaro vehicle is part of a major debt restructuring of the group, which also envisages the sale of a 20% stake in the large Citylife development project in Milan, according to news reports in Italian papers.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
