Scandinavian shopping centre group Steen & Strøm has signed an agreement to acquire a 40,000-m[sup]2[/sup] shopping centre and 18,000-m[sup]2[/sup] commercial property in Odense, Denmark for DKK 230 mln (almost EUR 31 mln). The vendor is a subsidiary of listed Danish property company Fornebu Utvikling (FBU). A separate offer for the properties put forward earlier this week by TK Development was not accepted.
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.
