Schroders Capital’s private markets business has won a £2 bn (€2.3 bn) real estate mandate from the Wales Pension Partnership (WPP) in the UK, a collaboration of the eight local government pension funds in Wales.
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.
