Lars Carlstrom's Italvolt Spa has signed a binding agreement with Italian asset manager Prelios' Monteverdi Fund to acquire the former Olivetti industrial site covering 1 million m2 in the municipality of Scarmagno near Turin.
Ares Management, the US firm, has struck an agreement with French start-up, Colonies, to acquire and refurbish affordable co-living apartments in major urban centres across Western Europe.
