Allianz Real Estate plans to spend EUR 1 bn on property loans in Germany in 2011 in what would be the insurers’s first foray into property lending in Europe, the company’s CEO for Germany Stefan Brendgen told PropertyEU at MIPIM. 'We aim to spend approximately EUR 400 mln in the first half, if of course we can find attractive opportunities.'
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.
