The total assets of Eurocastle Investment rose by almost 150% to EUR 5.7 bn over the last twelve months, the company said in its full-year 2006 report. Eurocastle acquired EUR 2.8 bn of German commercial real estate last year, and another EUR 2.2 bn deal in the country was signed at the end of February 2007.
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.
