French construction company Icade has raised its offer to take over a 51% of SIICInvest from EUR 2.71 to EUR 2.78 per share, valuing the company at about EUR 82.5 mln. Icade in November signed an agreement with Credit Foncier de France to acquire control of SIICInvest. Credit Foncier de France has a 60% interest in Locindus.
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.
