Over £7.5 bn (EUR 8.8 bn) is aimed at residential development and/or investment in the UK from a variety of domestic and international funds, CB Richard Ellis has revealed. Around 70% of this money is earmarked for inner London broadly split between prime (£2.5 bn) and fringe (£2.8 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.
