Aareal Bank has sold another portfolio of sub- and non-performing loans (SPLs/NPLs) to Merrill Lynch's Global Principal Investments for an undisclosed sum. Under the deal, Merrill Lynch has acquired loans built up by approximately 250 residential and commercial properties.
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.
