Noteholders of the defaulted Opera Uni-Invest CMBS are to meet on Tuesday to decide between two competing workout options for the underlying portfolio of Dutch office and logistics assets. The case is being closely monitored as industry experts say the solution may well become the model for dealing with other distressed securitisations.
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.
