A consortium of ING Real Estate Development Italy and Australian-based fund and asset manger Babcock & Brown has signed a preliminary agreement to acquire a majority stake from Rome-based property firm Scarpellini Group in the Romanina development project in the east of the city.
Empira Group, the €9bn AUM Swiss-based real estate investment company, has raised over $120 mln so far towards a $600 mln (€558 mln) fund target for a US vehicle.
