Vienna- and Warsaw-listed property group Immofinanz has purchased a €390 mln stake in Austrian peer S Immo, on the same day that US property investor Starwood Capital published its bid for minority shares in Immofinanz and CA Immo.
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.
