Valad Europe is offering an alternative to Opera Uni-Invest CMBS bondholders which are due to vote on 17 April in Amsterdam on a solution for the distressed Dutch portfolio. Uni-Invest, the owner of the Dutch portfolio underpinning the EUR 750 mln facility, defaulted on the bond’s maturity deadline in mid-February.
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.
