Eleven of the world's largest pension asset managers, representing $1.4 tln (EUR 1 tln) in assets under management, have joined forces to create the Global Real Estate Sustainability Benchmark (GRESB).
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.
