Italian property group Redilco has acquired an office building in the ninth arrondissement of Paris, through its investment vehicle Compagnie D'Angely, for EUR 22.5 mln. The property previously housed the French head office of Italian Banco Popolare di Verona e Novara. Redilco said in a press release that it is planning to re-develop the site, which dates back to the 18th century.
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.
