International real estate investment manager Savills Investment Management has acquired a newly-constructed prime Grade A distribution warehouse in Greater Paris on behalf of its European logistics fund 2 (ELF 2). The vendor was global investment manager Barings, which forward funded the property for its value add strategy.
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.
