Home REIT, which funds the acquisition and creation of accommodation for the homeless across the UK, announced on Wednesday that it has raised gross proceeds of £350 mln (€408 mln) through a significantly oversubscribed issue of 321 million new ordinary shares at an issue price of 109 pence per share.
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.
