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ICG sale and leaseback fund buys €140m retail portfolio in Italy
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Savills announces Strategic Investment Alliance between Savills IM and Samsung Life Savills plc, the global real estate services provider, announces that its subsidiary Savills Investment Management has entered into an agreement to form a Strategic Investment Alliance with Samsung Life, the leading Life Insurer in Korea, and its real estate asset management subsidiary Samsung SRA. As part of this agreement Samsung Life will acquire a minority interest in Savills IM Holdings Limited ( Savills IM ) and commit capital of US$1bn to Savills IM s investment strategies over the initial four years of the relationship (the Initial Term ) (collectively the Transaction ). The Transaction, which is conditional on various regulatory approvals and other customary closing conditions, is expected to complete in
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