LONDON—Blackstone Group is said to be in talksto buy eight buildings in Italy for about $336million (250 million euros) in a net-lease deal.

Bloomberg News says two people with knowledgeof the matter, provided news of the deal to the agency.

Blackstone, which announced a major takeover last week, has beengiven the exclusive rights to bid for the buildings which areoccupied by government agencies.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.