Scottish Widows Investment Partnership Property Trust (SWIPPT) has agreed to commit £50 mln (EUR 58 mln) to the forward funding of the first phase of Development Securities' speculative Hammersmith Grove project in the heart of the town centre.
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.
