A consortium of ING Real Estate Development Italy and Australian-based fund and asset manger Babcock & Brown has signed a preliminary agreement to acquire a majority stake from Rome-based property firm Scarpellini Group in the Romanina development project in the east of the city.
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.
