IFIL, the investment vehicle of Italy's Agnelli family, has received approval from Italy's antitrust agency for the purchase of a 67.5% stake in Cushman & Wakefield, the world' largest privately-held real estate advisor, for EUR 430 mln. The acquisition was announced last December.
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.
