US-based Simon Property Group (SPG) claimed on Wednesday that the proposed EUR 1.9 bn acquisition by London-listed Capital Shopping Centres of the Trafford Centre in Manchester would inflict 'profound value destruction' on CSC and its shareholders.
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.
