M7 Real Estate (M7) has sold the Forte 9 office building, formerly known as Cervejaria Lusitânia facilities, on Avenida do Forte in Lisbon’s Carnaxide district to Lusoproa, a Portuguese real estate developer. Financial details were not disclosed.
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.
