LONDON—Blackstone Group is said to be in talks to buy eight buildings in Italy for about $336 million (250 million euros) in a net-lease deal.
Bloomberg News says two people with knowledge of the matter, provided news of the deal to the agency.
Blackstone, which announced a major takeover last week, has been given the exclusive rights to bid for the buildings which are occupied by government agencies.
The buildings that Blackstone is reportedly working to acquire are among the 21 properties offered for sale by Fondo Immobili Pubblici, a fund managed by Investire Immobiliare SGR. The nine-year leases on the properties will be paid by the Agenzia del Demanio, Italy's public property agency, Bloomberg said.
Last week UK-based Max Property Group announced that it was in the process of selling its business to Blackstone for $707 million.
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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.
