The cost of mezzanine financing is forecast to decrease to 8% by the end of 2012 as a result of increased competition in the market, Natale Giostra, head of CBRE’s debt advisory unit in London, told PropertyEU during the EXPO REAL fair in Munich.
The cost of mezzanine financing is forecast to decrease to 8% by the end of 2012 as a result of increased competition in the market, Natale Giostra, head of CBRE’s debt advisory unit in London, told PropertyEU during the EXPO REAL fair in Munich.
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.