Austria property investment company Immoeast has acquired the S. Park business park developed by Primavera Development close to Piata Presei in northern Bucharest, Romanian newspaper Ziarul Financiar reported. The transaction value stands at a value of about EUR 90 mln, including EUR 60 mln of transaction costs. The deal was concluded at a yield around 6.9%, the paper said.
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.
