The 28,000sqm retail park was acquired from an Italian SGR in an off-market transaction. : Barings Real Estate Advisers has acquired a 28,000sqm retail park in Italy for its European core property fund. Barings, which didn’t disclose any financial details, said it bought Parco Fiore from an Italian SGR in an off-market transaction. The investment is being made through European Core Property Fund Italy, an alternative investment fund managed by Kryalos SGR. Barings said the acquisition of the asset, located near Conegliano, North West of Treviso in North East Italy, will be completed in two phases.