AXA Real Estate Investment Managers SGR, part of the AXA Real Estate group, has bought an office building in Rome from iii-European Property Fund, a fund managed by Internationales Immobilien Institut, for an undisclosed amount. The purchase was made on behalf of AXA's Core Italian Properties fund (CIPF).
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.
