Dutch property company Corio is to issue $1.21 bn of senior unsecured notes through a private placement to about 30 institutional investors. The senior notes will consist of four tranches with maturities of 7, 10, 12 and 15 years, with a weighted average maturity of about 11 years.
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.
