The path is now open for the final stages of design and implementation.

The EBRD is a leading institutional investor in Morocco, having invested almost €5.9 billion across 125 projects to date.

The world-leading real estate owner and operator, through one of its funds, has acquired a majority stake in Domes Zeen Chania.

The agreement, which is subject to customary closing conditions, provides for a consideration of approximately $190 million.

The plans of the new Israeli owners of Brown Hotels.

The two companies have been collaborating in the field of real estate investment since 2017.

The portfolio under divestment accounts for in excess of 51% of the company’s aggregate asset value.