Morgan Stanley Real Estate Investing (MSREI) is to swap its stake in Orco Germany for an interest in the parent company, Orco Property Group, in a deal which will make it the largest shareholders in the Euronext-listed CEE real estate developer.
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.
