Italian fund manager Sorgente is leading a consortium of Italian investors that has presented a EUR 480 mln offer to buy the historic Rinascente building at Milan's Piazza Duomo. The property is owned by the Retail & Entertainment fund, which is managed by Prelios (formerly Pirelli Real Estate) and is owned by Prelios, Investitori Associati, Deutsche Bank's RREEF and the Borletti family.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
