Halladale Group and Citigroup's real estate investment arm Citigroup Property Investors (CPI) have acquired the Crown Glass shopping centre in Nailsea, south-western England, for EUR 40 mln. The price reflects a net initial yield of 5.5%.
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.
