UK real estate development lending platform Precede Capital Partners has joined forces with Japanese financial services group Nomura to provide a £227 mln (€258 mln) four-year whole-loan facility to Downing Living, the residential-focused division of property developer and operator Downing.
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.
