Italian banking group Intesa San Paolo has received the green light from the Bank of Italy for the sale of its real estate portfolio for EUR 850 mln to the Omega real estate fund managed by Italian fund manager Fimit. The bank will realise net profits of EUR 79 mln from the disposal of the 285 real estate assets.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
