German property fund company Degi has acquired an office project in Rome for its Degi International fund from Parsitalia for EUR 122 mln. The 17,600 m[sup]2[/sup] building will be the headquarters for Procter & Gamble's Italian business when it is completed by late 2008. Cushman & Wakefield advised the seller while Savills acted for Degi.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
