The Gibraltar Limited Partnership, a 50-50 joint venture between the Hercules Unit Trust and the Crown Estate, has agreed a new £150 mln (EUR 180 mln) five year loan facility with Deutsche Pfandbriefbank and Helaba Landesbank Hessen-Thüringen Girozentrale.
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.
