International shopping centre group Westfield has expanded into Continental Europe by taking a 50% stake in a EUR 1 bn development in Milan. On completion Westfield Milan will be similar in scale to Westfield London, which offers 150,000 m[sup]2[/sup] of retail space, the Sydney-listed company said.
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.
