Austrian property group Immofinanz has acquired a 49% stake in property services firm EHL Immobilien after signing a partnership agreement with the company for the asset and centre management of a 'significant part' of the Immofinanz group's portfolio.
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.
