German fund manager Union Investment Real Estate has sold the Espace Gaymard office building to French firm Perial Asset Management for just over EUR 38 mln, generating net proceeds of around EUR 5.3 mln. The property is being added to Perial's SCPI POF2 real estate fund.
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.
