Berlin-based Catella Residential Investment Management (CRIM) has acquired two German residential developments in Hamburg and Dortmund from property developer Gröner Group on behalf of the Catella European Residential Fund III (CER III), bringing the total value of the fund’s assets under management to more than €500 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.
