Goldman Sachs Asset Management said on Friday that it has raised $3.5 bn (€3.2 bn) for its Real Estate Investment Partners programme (REIP) from a diverse group of institutional and high net worth investors.
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.
