Blackstone to offer 1 bln € for Reale portfolio

Reale Compagnia Italiana might have reached an agreement to sell its real estate portfolio, and the favourite candidate is Blackstone, with an offer amounting to 1 billion €. The portfolio includes offices and retail assets mostly located in prime locations in Milan (Piazza Repubblica, Via Turati, Via Verdi, Via Vincenzo Monti, Via Montenapoleone) and Turin (Galleria Subalpina).