Central and Eastern European property specialist Immofinanz has received approval from its supervisory board to enter into negotiations with its core shareholder CPI Property Group (CPIPG) for the acquisition of shares in its peer S 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.
