The management board of listed Italian real estate developer Risanamento has approved the sale of the Falck development site in Milan to Bi & Di Real Estate for EUR 405 mln. In a statement, Risanamento confirmed that it has received an offer from Bi & Di on behalf of a consortium of the Korean group Honua Investment Management, Consorzio Cooperative Costruzioni, Le Copains' Bandiera Group and a group of banks.
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.
