US private equity firm Blackstone has acquired three properties in Milan for a total of €130 mln.

US private equity firm Blackstone has acquired three properties in Milan for a total of €130 mln.

The transaction was initially reported by Italian newspaper 24Ore.

The assets are the former Italian Post building on Piazza Cordusio, an adjacent property and a building occupied by Bank of Sicily on via Santa Margherita.

The vendor was Italian fund manager Ream.