The Bank of Italy has granted authorisation to Italian REIT Beni Stabili to place its €1.54 bn Telecom Italia portfolio - plus associated debt worth €810 mln - into what will become Italy's biggest ever real estate closed-ended alternative investment fund (SICAF).
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
