Foruminvest has sold a 50% stake in its Mongolfiera Molfetta shopping centre near Bari, southern Italy to a vehicle managed by Orion Capital Managers. The companies agreed not to disclose financial details, but the transaction price is believed to be in the vicinity of EUR 60 mln. The total scheme is said to be worth around EUR 140 mln.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
