Invista Real Estate Investment Management has acquired a French portfolio through a joint venture with Propinvest for EUR 348 mln. The British property fund manager, which launched an initial public offer in September, said it has conditionally exchanged a contract to acquire 34 high-quality assets across France, with a concentration of about 50% by value in the Ile-de-France region around Paris.
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.
