US private equity group Blackstone Real Estate is on an investment roll, with plans to invest around EUR 2.6 bn in European real estate this year. The investment pace for Blackstone has been robust, with the firm deploying over £12 bn (EUR 14.4 bn) globally in the last two years, a Blackstone spokesperson told PropertyEU.
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.
