British Land has announced an £88 mln (EUR 130 mln) sale and leaseback agreement with telecommunications company Cable & Wireless for nine properties. The majority of the Cable and Wireless properties are in London and operate as offices and network sites. The total floor space is 33,900 m[sup]2[/sup].
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.
