Bahrain-based International Investment Bank (IIB) has acquired a 90% stake in a 'high-quality' commercial portfolio comprising five properties in strategic locations in Paris and one in Lyon for $105 mln (EUR 80 mln).
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.
