The government of Singapore has committed EUR 75 mln to Rynda en Primeur, a fund that invests in real estate in provincial areas of France. The fund is managed by Rynda Property Investors and has already acquired EUR 128 mln in assets. Singapore made the investment through its real estate investment arm GIC Real Estate.
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.
