Germany's state-owned Baden-Württemberg-Stiftung foundation has acquired the Postquartier mixed-use development project in Stuttgart from US developer-investor Hines. According to a news report in Immobilienbrief Stuttgart, the deal price is between EUR 130 and 140 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.
