Italian industrial real estate developer and investor Vailog is starting construction of a new distribution centre in the CSG logistics park in Castel San Giovanni, near Milan. The 32,000-m[sup]2[/sup] facility will be developed for Geodis Logistics, which has agreed to occupy the property in full.
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.
