UK retail property company Capital & Regional is considering investing up to £3 bn (EUR 4.4 bn) on shopping centres to double the value of its flagship Mall fund. The British group is reportedly in talks with institutions to raise up to £500 mln to fund the first stage of this major investment plan.
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.
