IGD SIIQ, the sole Italian real estate investment trust, has acquired a commercial gallery and office building which form part of the Gran Rondo shopping centre in Crema, Northern Italy from Immobiliare Gran Rondo. The investment amount comes to EUR 52.3 mln, of which EUR 29.3 mln have already been paid by IGD and the rest due by 2011.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
