Property adviser CB Richard Ellis is to acquire a 30% stake in Portuguese hotel and leisure property specialist Neoturis. Financial details were not disclosed. CBRE has secured the right to buy the remaining shares at a later date.
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.
