GE Real Estate UK has sold an office property in the West End of London to ING Central London Fund for £51.4 mln (EUR 76 mln). The transaction reflected a net initial yield of 4.15% after expiry of rent-free periods. The property comprises 32,170 square feet (2,900 m2) of newly developed prime office accommodation.
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.
