Volker Wessels' investment vehicle Kondor Wessels and the Dutch building industry pension fund BPF Bouwinvest have jointed forces to buy the head office of the Bavarian stock exchange at Lenbachplatz in Munich. The acquisition price is EUR 21 mln, German newspaper Immobilien Zeitung reported. The stock exchange property is being sold by private equity group Blackstone.
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.
