UK REIT Land Securities confirmed on Wednesday that it has agreed to sell the 413,000 sq ft (39,000 m2) St Johns Centre in Liverpool to InfraRed Capital Partners, the London-based asset manager created by the spin-off of HSBC Specialist Investments. The deal, which is expected to complete in April, amounts to £76.5 mln (EUR 92 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.
