AIM-listed property company Develica Deutschland Limited (DDE) has announced it is to acquire a German first-class office portfolio for EUR 266.3 mln in cash. The price reflects a net initial yield of 5.87%, Develica said in a press release.
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.
