Private equity real estate firm Benson Elliot Capital Management (Benson Elliot) and Générale Continentale Investissements (GCI) have clinched a EUR 138 mln debt restructuring of the 36,000 m[sup]2[/sup] Opéra Portfolio in the first refinancing of securitised debt to be completed in France since the start of the credit crisis.
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.
