Hercules Unit Trust (HUT) and Crown Estate have teamed up in a £680 mln (EUR 998 mln) joint venture limited partnership. The 50/50 joint venture incorporates HUT's 51,096 m[sup]2[/sup] Fort Kinnaird Shopping Park in Edinburgh, Crown Estate's 22,854 m[sup]2[/sup] Gallagher Retail Park in Cheltenham and the 13,006 m[sup]2[/sup] Shires Retail Park in Leamington.
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.
