A joint venture between pan-European real estate investment manager Boreal IM & Cadillac Fairview, the real estate arm of the Ontario Teachers' Pension Plan, has expanded into Spain and France with two acquisitions totalling €70 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.
