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Blackstone claims to be caught in “brazen attempted shakedown” over Italian office complex

Blackstone Group is fighting an Italian media mogul in court over ownership of an office complex in Milan. RCS Media Group SpA sold the three-building office complex, its former headquarters, to Blackstone for 120 million euros ($163 million) in 2013 and now the media company is contesting the sale, the Wall Street Journal reports. The litigation has stopped Blackstone’s planned sale of the Milan office complex to Allianz Real Estate GmbH for 250 million euros. […]

source https://therealdeal.com/2019/04/21/blackstone-claims-to-be-caught-in-brazen-attempted-shakedown-over-italian-office-complex/

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