German investment manager Hannover Leasing has bought a 19-storey Crown Plaza office building in the City of London for about £139 mln (EUR 158 mln). The property is earmarked for a closed-end real estate fund to be launched by Hannover Leasing in Q3 2011.
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.
