Frankfurt-based publisher Bernd F. Lunkewitz has sold the Renaissance Haus scheme in Munich to an unnamed institutional investor for around EUR 53 mln. Built in 1902, the historic office building was completely renovated between 2001 and 2003 and currently provides 14,000 m[sup]2[/sup] of leasable area divided across seven floors.
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.
