Tyrolean real estate investor Rene Banko's Signa has bought a portfolio of 16 office buildings from Austrian bank Bawag PSK. Although the parties declined to comment on the financial details, newspaper Die Press said the portfolio, valued at EUR 450 mln, was sold for just EUR 200 mln as the bank was under pressure to raise funds quickly.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
