Liberty International unit Capital & Counties (CapCo) and Great Portland Estates (GPE) said today that they had agreed to form a central London property joint venture The Great Capital Partnership. The new venture will own, manage and develop central London properties and begins with a portfolio of more than 78,967 m[sup]2[/sup] of commercial space valued at £ 460 mln (EUR 678 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.
