Barings, the real estate investment manager, and Spanish real estate group, Salas, have acquired two build-to-sell (BTS) assets in the greater Barcelona region in the first deals for a JV partnership that might grow to in excess of €100 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.
