D2 Private, an investor in London's property market, is said to be considering a flotation of a new £1 bn (EUR 1.47 bn) fund. The investor is currently in talks with potential advisers to launch a real estate fund which could either be private or listed as a Real Estate Investment Trust (REIT), the Financial Times has reported. The fund would have a target of a total of £1bn in assets.
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.
