TPG Real Estate Partners (TREP), the real estate equity investment platform of global alternative asset firm TPG, said it has raised over $3.7 bn (€3.3 bn) of capital at the close of its latest opportunity fund.
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.
