Brussels-based real estate investment vehicle Befimmo is to issue shares to raise between EUR 180 mln and EUR 200 mln following the coup at the end of December when it snatched a Belgium government real estate contract from rival Cofinimmo.
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.
