German open-ended fund Commerz Grundbesitz-Investmentgesellschaft mbH (CGI) is to acquire the Edison Business Centre development located in Milan's office district of Sesto San Giovanni for EUR 125 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.
