The Witkoff Group, a New York-based real estate investor, and a subsidiary of London's DCD Group have jointly acquired Devonshire House in London from Land Securities for over £280 mln (EUR 417 mln). The 15,619 m[sup]2[/sup] landmark building is on an island site in Piccadilly between Stratton Street, Berkeley Street and Mayfair Place in London's West End.
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.
