BNP Paribas REIM's Portfolio Immobiliare Crescita fund in liquidation has clinched its first sale with the disposal of an office building near Milan to the Mediolanum Real Estate fund for around EUR 23 mln. The transaction price is 8.37% higher than the property's value at end-December 2008, the company said.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
