Norwegian listed real estate company Fornebu Utvikling (FBU) has announced that it is to sell its commercial property interests in Fornebu, just outside Oslo. The divestment is part of the company's strategy to focus on residential development in Fornebu.
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.
