Italian fund manager EstCapital Sgr has announced two real estate transactions in Rome and Verona. The company said it bought a development site in Castel Romano near Rome from the Geo Ponente fund for EUR 20 mln. The company will develop a 24,500 m[sup]2[/sup] commercial and logistics property on the site as well as a 41,000 m[sup]2[/sup] parking lot adjacent to the Castel Romano outlet centre.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
