European listed real estate, as represented in the GPR 250 Europe Index, returned a 6.2% loss in November. The individual land indices with positive returns were as follows: Israel 1.9% (= Gazit Globe); Poland 0.6% (= GTC); Germany 0.5%.
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.
