Rubicon Europe Trust (REU) Group has moved into Austria with the purchase of two medical centres in Salzburg and Innsbruck for AUD $96.7 mln (EUR 58 mln) from Signa Holding. The transactions were bought by REU through a Luxembourg asset holding company at a 3.7% discount to the EUR 60.2 mln valuation of the properties.
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.
