BNP Paribas has officially launched its new fund Fondo Immobiliare - Comune di Milano II following the signing, at the end of December 2010, of an agreement with the Municipality of Milan, which is providing 50% of the real estate assets.
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.
