Horizon Investment Management and Blackrock are teaming up to invest in development projects across France, Belgium, the Netherlands and Luxembourg, Horizon said in a statement. The first step of the plan will involve the acquisition of EUR 600 mln of properties to be developed on behalf of Blackrock's Opportunistic Real Estate Platform.
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.
