ING Real Estate Investment has signed an agreement with the privately-owned real estate company Hines for the purchase of an office development located at 66-70 Avenue Charles de Gaulle/4 rue Louis-Philippe in Paris. The building will provide some 4,500 m[sup]2[/sup] of office space on six floors and two basement levels with 50 parking spaces. The financial details of this transaction have not been disclosed.
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.
