UK REIT Land Securities has exchanged contracts to sell its Arundel Great Court mixed-use development site overlooking the Thames for a headline price of £234 mln (EUR 280 mln). The buyer is Waterway PCP Properties, a Dubai-based private equity group fronted by Amanda Staveley.
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.
