Union Investment Real Estate has added another Italian property to its EUR 4.5 bn international retail portfolio. The Hamburg-based property fund manager has acquired the 9,830 m[sup]2[/sup] retail gallery of the Casal Bertone shopping centre in Rome for around EUR 48 mln from Italian project developer Immobiliare Europea.
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.
