Real estate holding company VIB Vermoegen is planning new investments in commercial real estate for 2007 and is currently negotiating new high-yield investments amounting to a total volume of EUR 200 mln, the Bavaria-focused group has indicated in a press release.
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.
