CIM Group, a real estate and infrastructure owner, operator, lender and developer, has expanded its $10 bn (€9.4 bn) Real Estate Debt Solutions platform to Europe, with initial plans to originate primarily whole loans on transitional assets as well as core mezzanine loans across the UK and key Western European countries.
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.
