RREEF, the property investment arm of Deutsche Bank, sees opportunities in buying non-performing loans and distressed property portfolios from governmental authorities, corporates and banks looking to recapitalise amid the current financial turmoil.
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.
