Listed property investment company IPBM, a subsidiary of GE Real Estate, has acquired 10,645 m[sup]2[/sup] of offices from Westbrook Partners and STAM in Bagneux, in the Ile-de-France region near Paris. The deal is valued at EUR 52 mln, excluding taxes. The building, called Latitude 20, is completely let for a six-year period. Property advisor IBG Carré acted for the seller.
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.
