French fund manager Française REM has acquired Le Stratège office building in Puteaux, in the western suburbs of Paris, on behalf of its SCPI Selectinvest 1, Epargne Foncière and Multimmobilier 2 investment vehicles. The vendor is IVG Institutional Funds. The transaction price comes to over EUR 25 mln.
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.
