Industrial developer and asset manager Chancerygate and international real estate firm Hines have expanded their UK joint venture by acquiring two sites with a combined gross development value (GDV) of around £50 mln (€58.4 mln).
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.
