German shopping centre developer ECE has confirmed plans to start up a real estate fund management subsidiary, but declined to comment further on the move. 'I can confirm that ECE wants to start in this field of business and that it is building up a fund management firm called ECE Real Estate Partners,' a company spokesperson told PropertyEU.
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.
