UK private equity fund manager Moorfield and local developer-investor Property Alliance have announced their first joint investment with the purchase of The Towers in Didsbury, South Manchester for £47 mln (EUR 55 mln) from Amsterdam-listed property firm Wereldhave.
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.
