Sando Imobiliaria has taken over Spanish peer Agofer for EUR 220 mln. In a statement issued on Tuesday, Sando said the transaction is in line with the company's goal of becoming one of the ten largest companies in the Spanish property sector. Sando is a construction company active in the Spanish residential and industrial markets.
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.
