GE Real Estate has completed the purchase of its first retail mall in Rome from the Aareal Italy Fund for EUR 60 mln and said it plans to invest a further EUR 386 mln to EUR 540 mln in the Italian retail and office sectors in 2007.
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.
