Curzon Global Partners/IXIS AEW Europe has acquired a portfolio of 308 assets valued at EUR 247 mln on behalf of European Property Investors from a joint venture between Morgan Stanley Real Estate Funds (MSREF) and Pirelli RE. The portfolio consists of 256 telephone exchange assets leased to Telecom Italia and 52 office and residential assets, totalling over 330,000 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.
