German open-ended fund manager Deka Immobilien has closed another high-profile acquisition this week with the purchase of Kings Place in London’s King Cross from Parabola Land in an off-market transaction worth £235 mln (EUR 283 mln). The property is earmarked for Deka's open ended fund WestInvest InterSelect.
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.
