German property company IVG Immobilien has acquired a 25,000 m[sup]2[/sup] office development in Asnieres, central France, from peer Eiffage Immobilier. The so-called Front Office building, designed by the architecture company MP&A, is planned for delivery in 2009, French paper Business Immo reported. 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.
