The introduction of austerity measures in Europe's crisis-hit countries is polarising the investment market, driving returns to around 25% higher in the least exposed markets such as the Nordics and CEE, according to new research released on Wednesday by global real estate services firm DTZ.
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.
