Commerz Grundbesitz Group (CGG) continues its international expansion by opening offices in Paris and Amsterdam. In France and the Netherlands, CGG already manages a real estate portfolio worth about EUR 4 bn. Altogether, the groups manages real estate assets valued at EUR 12 bn.
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.
