Pierre-Emmanuel Cauët has been appointed head of retail assets at French listed property group Affine. The company manages, for its account or that of French SIIC AffiParis, a portfolio of 87 buildings with an estimated value of EUR 822.3 mln. The portfolio comprises 668,000 m[sup]2[/sup] in France, including 17% of city-centre retail areas.
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.
