Real estate fund manager Europa Capital is launching a new opportunity fund, the Europa Emerging Europe Fund, which will target investment opportunities in Eastern and South Eastern European countries. The fund aims to invest some EUR 600 mln in Romania, Bulgaria, Ukraine, Turkey and the Western Balkans.
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.
