The Qatar Investment Authority (QIA) has bought Milan's landmark Excelsior Hotel Gallia for more than EUR 100 mln, according to Jones Lang LaSalle Hotels, which advised on the deal. The 250-room luxury hotel with an eye-catching art nouveau facade is located on the Piazza Duca d'Aosta.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
