LaSalle Investment Management has acquired three DIY stores in northern Germany from retailer Max Bahr. The properties, each providing approximately 10,000 m2, were acquired for the LaSalle German Retail Venture in a sale and leaseback transaction. The purchase price was between EUR 30 mln and EUR 35 mln.
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.
