RREEF Real Estate, the real estate investment management arm of Deutsche Bank's asset management division, said it has acquired a business park in the UK town of Reading for £140.15 mln (EUR 162 mln) on behalf of a leading Asian pension fund. According to well-informed sources, the buyer is Malaysia’s Employees Provident Fund.
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.
