Aberdeen Immobilien KAG has sold the Kap am Südkai office building in Cologne to the German investment manager Rreef. The asset was held by Aberdeen's Degi Global Business open-ended fund. Although the acquisition price was not disclosed, the property is believed to be valued at around EUR 50 mln.
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.
