European investment manager F&C REIT is planning to invest some EUR 500 mln in German core and core plus real estate on the back of strong client demand for this type of product, Zvi Noé, director of investments, told PropertyEU in an interview.
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.
