The institutional funds arm of German listed property company IVG has re-acquired the Holland House office building in Bonn from Aberdeen Asset Management's Degi Global Business fund. The price was not disclosed but Aberdeen said it was at the market value level determined by the last independent review.
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.
