Franz Haniel & Cie, the investment company that controls German retail group Metro with other shareholders, has confirmed that talks are ongoing regarding the sale of a portfolio of 45 Cash & Carry retail assets but declined to give any specifics on the potential buyer.
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.
