Apollo Global Management said on Tuesday it had signed a final agreement with ENPAM, the pension fund of Italian doctors and dentists, to acquire a real estate portfolio for 842 million euros ($997 million).
The portfolio includes 68 commercial and residential properties, including hotels and retail assets, mainly located in Rome and Milan, the private equity firm said.
Apollo, which carried out the acquisition through its European Principal Finance business, said Lazard acted as financial adviser and Realty Partners, JLL and Conio as commercial advisers.
Duff & Phelps acted as an independent evaluator while Deloitte Financial Advisory advised ENPAM.
Source: Reuters.com