Germany’s KanAm grundinvest Fonds has sold its Le Printemps building in Paris for EUR 184.6 mln. The purchaser was not disclosed. The property is part of a three-building department store complex and comprises nine storeys with three underground levels. Substantially modernized in 1998 and 1999, the building originally dates back to the 1930s, and is located in the ninth arrondissement of 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.
