Legal & General, an insurance, investment management and financial services group, has acquired the 8,180 m[sup]2[/sup] Solartron retail park in Farnborough, southeast England, from CBRE Investors for EUR 94 mln. The transaction value reflects a net initial yield of 4.38%.
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.
