Allianz expands Italian foot print with $200m Rome office buy

Allianz Real Estate, on behalf of several Allianz group companies, has acquired a prime office asset in the central business district of Rome for $200m from Omega Fund, a closed-end real estate fund managed by DeA Capital Real Estate SGR. The deal is expected to close this summer and follows Allianz’s recent acquisition of an office in Milan as it further expands its footprint in the Italian market.