The Crown Estate, the agency that manages the UK sovereign's property holdings, has acquired the 73-year headleasehold interest in the office building at 10 Spring Gardens in London for £34 mln (EUR 40 mln). The deal reflects a yield of 6.7%.
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.
