Milan-listed office-focused firm Beni Stabili has signed an agreement with Italy's Real Estate Services for the creation of a new joint venture, Beni Stabili Retail. The new entity will be majority-held by Beni Stabili (55%), and 45% owned by RES, an Italian real estate company specialised in the retail sector and headed by businessman Guglielmo Tabacchi.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
