Moscow-based RGI International has raised $237 mln (EUR 178 mln) in a second share offering of almost 23 million new shares at $10.44 each. RGI is planning to use $140 mln to fund the acquisition of the Chelsea and Victory Park developments in Moscow. RGI raised $192 mln in its initial public offer last year.
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.
