ING Real Estate Investment Management has acquired the Stadtgalerie Heilbronn mall development from ECE Projektmanagement for about EUR 100 mln. ECE will retain the management of the shopping centre, which is scheduled to open in the spring of 2008.
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.
