The prospect of the largest bidding war in the history of the real estate has moved one step closer after a group led by Vornado Realty Trust, the second largest real estate investment trust in the US, submitted a $38 bn (EUR 26 bn) counter-bid for peer Equity Office Properties, the largest office landlord in the country.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
