Queensgate Investments, a new private equity real estate fund manager set up by Jason Kow, and LJ Investment Group, has announced the launch of a new fund with a spending power of £500 mln (EUR 600 mln) in the UK and Europe.
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.
