LV= Asset Management, the fund management arm of mutual insurance and investment group LV=, has sold 8/9 Long Acre, London, to a private investor for a price in excess of £22.5 mln (EUR 26 mln), reflecting a net initial yield of 4.5%.
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.
