KKR-led group makes real estate deal in Italy

KKR, along with Hines Italia SGR, and COIMA, have acquired five telecom assets leased to Telecom Italia. The investor group acquired the assets from "Tecla Fondo Uffici", a closed ended fund managed by Prelios SPR, for 49 million Euros (US$53.7 mln). The portfolio, a total area of 35,500 square metres, consists of five separate sites, in Rome, Monza, Parma, San Remo and Pavia.

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