Hedge fund Polygon Investment Partners has increased its stake in Countrywide from 14.6% to 22.7%. The move has taken place just before the UK's biggest estate agency Countrywide is due to decide about a £1 bn takeover offer by the US private equity group Apollo, the Financial Times newspaper reported.
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.
