Closed-end real-estate investment company Warehouses De Pauw (WDP) has concluded a binding agreement to acquire the Lake Side Portfolio from an unnamed Dutch private construction company. The deal amounts to a total of EUR 105 mln, reflecting an initial rental yield of 7.8%.
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.
