Valencia-based real estate developer Ballester has hired Savills and Catella to sell its landmark Paseo de Recoletos office building in Madrid. The property is currently 50% vacant, with the rest leased to Spanish construction materials producer Uralita.
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.
