Global real estate investment manager Invesco Real Estate (IRE) has picked up Garage Traversi in Milan for its core pan-European flagship strategy. The former parking garage is located within Milan's luxury quarter, and will be converted in the next 18 months into a Class A mixed-use scheme.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
