Hochtief Facility Management (HTFM) will take over the management of a mixed-use portfolio of the international financial investor Varde Partners in the coming four years. The portfolio comprises 80 German real estate assets covering some 420,000 m[sup]2[/sup] of leasable space, Germany property newspaper Immobilien Zeitung reported.
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.
