IFIL has completed the purchase of a 71.52% stake in Cushman & Wakefield for EUR 474 mln. The company got approval from Italy's antitrust agency in mid-February to buy a stake in the world's largest privately-held real estate advisor. The acquisition was announced last December. IFIL is the investment company of the Italian Agnelli family, founders of carmaker Fiat.
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.
