Italian property fund manager Sorgente said that it is making a takeover offer for the Milan-listed Caravaggio real estate fund through its Donatello-Comparto Iris investment vehicle. Donatello already holds a majority stake in Caravaggio and is offering EUR 2.9 per share, or a total of EUR 35 mln for the remaining 24% stake it does not own in the listed fund.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
