UK-focused investment manager Apache Capital has sold Cumberland Place to City Developments Limited, a Singapore-based investor and developer for over £30 mln (€35 mln), representing an exit yield of 4.81% and exceeding the target sale price.
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.
