Independent private equity real estate investor MGPA has acquired a high street retail asset leased to the Illum department store in central Copenhagen for around EUR 220 mln, including senior debt provided by Swedish bank SEB. The vendor is Magillum Properties, a part of the Solstra Group, which owns the Illum retail operation.
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.
