By Reuters Staff
1 Min Read
March 16 (Reuters) - Australian real estate developer Dexus said on Tuesday it had struck a deal to merge one of its funds with a A$5 billion ($3.88 billion) diversified real estate investment fund run by AMP Capital.
The company said unit holders of its A$10.1 billion Dexus Wholesale Property Fund and the AMP Capital Diversified Property Fund were expected to vote on the merger in late April. ($1 = 1.2900 Australian dollars) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Leslie Adler)
7 Min Read
LONDON (Reuters) - With its striking facade, Palazzo delle Poste in the heart of Milan is one of the more elegant office spaces in Europe, hosting the likes of JPMorgan and Italy’s first ever Starbucks outlet.
FILE PHOTO: Palazzo Broggi, also known as Palazzo delle Poste, is seen in Milan, Italy, February 24, 2021. REUTERS/Flavio Lo Scalzo
Having lain empty for part of 2020 as the COVID-19 pandemic sent office workers home, the early 20th-century building was sold this month to a group of private investors coordinated by Italy’s Mediobanca for 246.7 million euros ($293.3 million), 27 million euros above the original asking price.