Australian REIT Macquarie CountryWide has acquired seven shopping centers in Germany and Poland for a total of EUR 351 mln in its first foray into Europe. This is the first major transaction for Steven Sewell, who was appointed ceo last September. Sewell said in a statement the company is planning to increase its property holdings in Europe further to account for 15% to 20% of total assets.
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.
