Inmocaral's shareholders have voted in favour of the planned merger with Inmobiliaria Colonial at an extraordinary general meeting. The Spanish group told the national stock market regulator CNMV that its shareholders have also voted in favour of a proposed EUR 6.2 mln capital increase.
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.
