The Italian arm of Dutch property company Redevco has acquired the landmark Rinascente retail property in the southern Italian city of Bari from a private investor for about EUR 50 mln. The 50,000 m[sup]2[/sup] Rinascente Building' is located in the city's prime shopping district Via Sparano and is Redevco's first high-street retail acquisition in the south of the country. Swedish fashion retailer H&M is the main tenant of the building which is undergoing redevelopment work.
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