Zublin Immobiliere France has bought two office buildings located in the western business district of Paris for EUR 76 mln. The first property, situated on the Ile de la Jatte, in Neuilly-sur-Seine, provides some 9,115 m[sup]2[/sup] of office space. Its two main tenants are Roche Laboratories and Yves-Saint-Laurent Beaute. The acquisition price comes to EUR 60 mln, for an initial net rental yield of 5.6%.
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.
