Scottish Widows Investment Partnership (SWIP) has acquired the 46,079 m[sup]2[/sup] City Centre House office and retail block in Birmingham from fund manager Prupim for £161 mln (EUR 237 mln). The price reflects a yield of 5%. CB Richard Ellis and Lewis Ellis advised Prupim and Jackson Criss acted for SWIP.
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.
