Spanish property group Prasa has acquired a 3% stake in peer Metrovacesa at EUR 95 per share from Metrovacesa's chairman Joaquin Rivero and board member Bautista Soler, Spanish newspaper Cinco Dias has reported.
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.
