Real estate investment reached EUR 6.9 bn in Central and Eastern Europe (CEE) in the first eight months of this year, an increase of 20% compared to the whole of 2010, data from CB Richard Ellis indicates. The international property adviser said 2011 is already the fourth strongest year in CEE history.
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.
