Prelios' shares gained nearly 10% reaching EUR 0.27 per share on Wednesday after the company announced the closing of the sale of the Karstadt Oberpollinger and Karstadt Sports properties in Munich for around EUR 248 mln. The assets were sold for a price in line with market value to a joint venture of Austria's Signa Group and Dusseldorf-based Centrum Group.
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.
