Wölbern Invest has announced plans to enter the UK and French markets in 2011 as part of a planned acquisition drive. The Hamburg-based closed-end fund manager, which has focused on Germany and the Netherlands for the past 15 years, said it is targeting green, core real estate properties in metropolitan regions of France and the UK.
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.
