Global real estate investment company Kennedy Wilson has formed a $2 bn (€1.85 bn) platform with Fairfax Financial Holdings to pursue first mortgage loans secured by high-quality real estate in the Western US, Ireland and the UK.
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.
