LaSalle Investment Management and Morley Fund Management have purchased a mixed-use portfolio of five properties in Paris, Madrid, Stockholm and Germany for EUR 325 mln. The transaction value reflects a net initial yield of 5.8%.
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.
