Denmark's Kristensen Salzgitter said it has reached agreement with an unnamed German property company to sell its entire property portfolio comprising about 5,800 apartments, 16 commercial leases and garages for EUR 174 mln. The portfolio is located in the cities of Salzgitter and Kassel, central 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.
