DIC Asset has confirmed the acquisition of three fully let commercial properties in German for EUR 78 mln. The Listed investor in German real estate partly funded the acquisitions with funds raised this year through a capital increase and a bond issue.
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.
