UK retail REIT Metric Property Investments has created a £150 mln (EUR 175 mln) joint venture with local pension fund Universities Superannuation Scheme to acquire small, high-yielding retail parks across the country.
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.
