Credit Suisse Asset Management (CSAM) is planning to develop more property in Europe and expand its real estate business beyond its core Swiss and German markets. 'We are spreading out with products that give our clients global exposure and by getting more involved in development in the rest of Europe,' CSAM's head of real estate strategy Peter Delisperger told news agency Reuters.
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.
