French property firm Gecina said it had acquired a 55,000 m[sup]2[/sup] logistics warehouse in Trappes - Elancourt, west of Paris. The asset is fully leased to two leading global logistics firms, Gecina said. The new acquisition takes Gecina's total logistics property holdings to 690,000 m2, with a further 300,000 m[sup]2[/sup] currently under development.
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.
