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.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
