UK residential specialist Hearthstone Investment Management has announced the final close above target of its ten year closed-ended private equity fund, Hearthstone Residential Fund 1 (HRF1), with just over £200 mln (€230 mln).
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.
