European car park group Q-Parks has signed a EUR 1.1 bn credit facility with a syndicate of 11 European banks. The facility will be used to refinance an existing loan of EUR 965 mln and to help fund investment plans.
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.
