Electra Real Estate has acquired 70% of an office building in Frankfurt for EUR 66.5 mln. The 22-storey building provides some 18,400 m[sup]2[/sup] of office space and is fully leased to business services company Ernst & Young at EUR 4.1 mln per annum until 2015.
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.
