A state-owned Qatari property group and London developer Christian Candy have bought London's Chelsea Barracks from Britain's Ministry of Defence for £600 mln (EUR 880 mln). Qatari Diar Real Estate Investment and Candy's investment vehicle CPC Group are part of the Project Blue consortium that won the tender to acquire the 13-acre site in west London. The land was put on the market last October.
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.
