Real Estate

Azerbaijan, Blackstone Cashing In On Milan Office Shortage

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Investor demand for prime office space in Milan has surged amid a shortage of Class A buildings in the financial capital of Italy. Sources told Bloomberg negotiations that could change the ownership of several trophy office buildings in Milan are underway. Among other potential deals, the State Oil Fund of the Republic of Azerbaijan may sell Palazzo Turati for about 112 million euros to Invesco Real Estate. The billionaire Rovati family is in talks to ... [more]

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