Pan-European alternative asset manager Arrow Global Group Capital Management has secured a $400 mln (€370 mln) commitment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for its European real estate lending strategy.
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.
