Sirius Real Estate, the owner and operator of branded business and industrial parks in Germany and the UL, has completed the disposals of two assets for a combined total of €12.2 mln, representing an average net initial yield of 4.1%.
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.
