State-controlled German bank WestLB is in exclusive talks to sell its real estate finance unit Westimmo to private equity investor Apollo Global Management, PropertyEU Magazine reports.
State-controlled German bank WestLB is in exclusive talks to sell its real estate finance unit Westimmo to private equity investor Apollo Global Management, PropertyEU Magazine reports.
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.