European Fund Manager Ærium has completed the sale of 40 Portman Square in London's West End for £181 mln (EUR 213 mln), reflecting a net initial yield of 5.57. The transaction marks one of the largest office deals in the West End market in 2010.
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.
