Redevco Services Deutschland has acquired three retail properties that are under long-term lease to Karstadt and Karstadt Sport. Redevco bought the buildings, located in Hannover, Munich and Viernheim, from Highstreet. The parties have agreed not to disclose the price.
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.
