Dublin-based AIB Capital Markets (AIBCM) intends to raise EUR 100 mln to EUR 150 mln from pension funds and private investors for investment in property in Poland. The capital raised will be leveraged on a 3:1 basis which will facilitate total acquisition financing of EUR 600 mln.
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.
