London-based real estate investor Enstar Capital is strengthening its presence in Germany with the purchase of a supermarket in the northern district of Laboe. The deal reflects an annual net yield of 7.5%. The supermarket is leased to Coop Schleswig-Holstein, German newspaper Immobilien Zeitung reported. Enstar said it is planning to invest a further EUR 100 mln in the country by 2008.
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.
