The Italian fund management unit of US developer and investment manager Hines has acquired the real estate fund management arm of Prima Sgr as part of its plans to boost assets under management to over EUR 3 bn in the country by the end of the year. The deal is the second high-profile acquisition in Italy's fund management industry after the merger earlier this year between Fimit and First Atlantic Real Estate.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
