German investment and asset manager KGAL Group has seeded its first open-ended mutual real estate fund, KGAL immoSUBSTANZ, with two retail assets in the Baden-Württemberg region of Germany.
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.
