Listed Swedish property company Kungsleden has signed a letter of intent to acquire the majority of the properties held by Amsterdam-listed NR Nordic & Russia Properties for a total of SEK 3.6 bn (EUR 400 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.
