Singaporean REIT Capitaland Commercial Trust (CCT) has made its first foray into Europe with the purchase of the Gallileo office tower in Frankfurt from Patrizia's Triuva and its institutional investment partners from South Korea.
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.
