Freeport, a UK developer and operator of retail outlet shopping centres in Europe, has backed a £155.3 mln (EUR 227 mln) offer from private equity firm Carlyle. The announcement of the 410 pence cash offer from CEREP Investment I SARL, which is owned by Carlyle, came as a surprise to the market as Freeport announced last month that talks between the parties had broken down.
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.
