Peakside, a specialist European real estate private equity firm, plans to launch a new opportunity fund targeting Germany and the surrounding Central and Eastern Europe countries. Peakside partners Boris Schran and Stefan Aumann told PropertyEU at Expo Real that they hoped to raise some EUR 400 mln of equity for the fund, with 60-65% leverage.
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.
