Dimand's total estimated gross development value (GDV) upon completion amounted to c. €1,194.9mn
The acquisitions have been made using the proceeds of November's €165 million (£147 million) capital raise.
The company invested in Greenthesis S.p.A, Italy’s leading independent and fully integrated waste management company
The remaining sections of the hotel are fully operational.
The Cypriot group presented an investment plan with a three-year horizon.
The sale of Via Monte Napoleone 8 marks the largest-ever single asset real estate sale by Blackstone in Europe.
Total European hotel investment volume for the year finished 19% below 2022 according to the "HVS European Hotel Transaction" report of HVS.
The average estimate in a poll of analysts by the Bloomberg agency was 69.1%.
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