ING Real Estate Investment Management expects the continued economic recovery in much of Northern and Western Europe to generate high single-digit returns for real estate investors over the next three to five years, particularly in the retail sector, but increasingly also in office markets.
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.
