LaSalle Investment Management has acquired a 8,970 m[sup]2[/sup] office complex in the City of London for £47 mln (EUR 54 mln). Part of the development will be let on a long-term lease to UK hotel and leisure operator Whitbread. The remaining part will be leased as office space.
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.
