Swiss real estate private equity firm Corestate Capital has entered into an agreement to acquire around 4,700 apartments from BGP Investment in Germany. The portfolio comprises over 300,000 m[sup]2[/sup] of lettable space in the west of the country and currently carries about EUR 150 mln of debt financing.
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.
