Eurohypo, the real estate arm of Commerzbank, has posted a loss of EUR 921 mln in its public finance/treasury division during the first half of 2011. However, the commercial real estate arm moved back into black for first time since 2008.
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.
