The Bank of Italy is holding a tender process to appoint the adviser to manage the sale of of its real estate portfolio. The mandate would be for three years, the bank said, with an option for a two-year renewal. The bank owns properties valued at around EUR 330 mln in the country, mostly consisting of commercial real estate assets and a minority of residential units.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
