French SIIC Compagnie Fonciere Internationale (CFI) and insurance group CNP-Assurances have signed an agreement to purchase a portfolio of 11 cinema complexes in France for an undisclosed amount. The properties, which are fully leased to European cinema operator UGC, are located in Paris and its surroundings as well as other major French cities including Caen-Mondeville, Strasboug, Nancy-Ludres and Toulouse.
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.
