Italian property company Risanamento, controlled 73% by Luigi Zunino, has successfully completed the issue of EUR 220 mln convertible bonds. Risanamento said in a statement that the proceeds will be used to further strengthen its property portfolio.
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.
