The UK's Border to Coast Pensions Partnership, the largest UK Local Government Pension Scheme (LGPS) pool, has commmited €80 mln to closed ended European value add fund, Hines European Real Estate Partners III (HEREP III), which held a final close at the end of November.
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.
