Frankfurt-based Deutsche Immobilien Chancen (DIC) has sold an office building in the central German city of Bad Homburg to Madrid-based Falcon RE Investments and Morgan Stanley RE Funds (MSREF) for EUR 47.5 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.
