German investor Allianz is in exclusive negotiations with Italy's Lamaro Group to acquire the Porta di Roma shopping centre in the northern part of Rome for over EUR 400 mln. The sale by the Toti brothers' Lamaro vehicle is part of a major debt restructuring of the group, which also envisages the sale of a 20% stake in the large Citylife development project in Milan, according to news reports in Italian papers.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
