US-based asset manager Townsend Group has raised $1.5 bn (€1.35 bn) for its global value-add real estate strategy, Townsend Real Estate Alpha (TREA).
US-based asset manager Townsend Group has raised $1.5 bn (€1.35 bn) for its global value-add real estate strategy, Townsend Real Estate Alpha (TREA).
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.