French property company Affine has purchased a 64.22% interest in peer Compagnie Fonciere Fideimur from three shareholders at a price of EUR 19.10 per share. Fideimur has a portfolio that includes seven buildings in the 8th arrondissement of Paris, as well as other real estate assets in the capital and across the country. The portfolio covers a total of 61,000 m[sup]2[/sup] and is valued at EUR 150 mln.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
