Halladale, the AIM-listed co-investing property company, has disposed of the Baytree Centre in the UK to property fund O Twelve Estates for £41.6 mln (EUR 61.7 mln). The price reflects a net initial yield of 4.78%.
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.
