Italian REIT Beni Stabili has announced completion of redevelopment work on the former Excelsior - Mignon multiplex cinema in Milan, representing an investment of EUR 20 mln. The scheme has been transformed into a multi-storey high-street store located right at the heart of Milan's shopping district, between Corso Vittorio Emanuele and Piazza Beccaria.
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.
