EMEA office leasing volumes continued to improve over the third quarter of 2011 despite variations in prime rents. Jones Lang LaSalle's Q3 2011 European Office Clock Report shows prime rents increased in Stockholm, The Hague (both +2.4%), Hamburg (+2.2%) and Milan (+1.9%). In contrast prime rents declined in Brussels (-3.2% Leopold District), Dublin (-3.0%), Madrid (-1.9%) and Edinburgh (-1.8%).
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.
