Pontegadea, the private investment firm of Inditex clothing retail founder Armancio Ortega, has acquired a portfolio of 48 Banco Sabadell branches in a sale-and-leaseback deal worth around EUR 55 mln. ISC Freshwater Investment, an investor group advised by Moor Park Capital Partners, sold the assets, located in various Spanish cities.
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.
