Swedish private equity firm Niam has completed the first closing of its fifth opportunistic real estate fund Niam Nordic V, having raised EUR 125 mln of capital from mainly North American and European institutional investors. Niam Nordic V has a target fund size of EUR 600 mln, providing a total investment capacity of about EUR 2.2 bn.
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.
