Invista European Real Estate Trust (IERET) has purchased a portfolio of 27 French warehouses and one in Germany for EUR 231.5 mln. The majority of the assets, totalling 335,000 m[sup]2[/sup] of space, are situated around Amiens, north of Paris, and in Provence in the south of the country. The deal reflects a net initial yield of 6.47%.
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.
