Cordea Savills European Commercial Fund has exchanged contracts with AIM-listed Terrace Hill Group to acquire 129 Wilton Road in Victoria, London. The investment volume of £53.5 mln (EUR 63 mln) reflects a net initial yield of 5.78%.
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.
