Refurbishments of commercial real estate and infrastructure for German corporates and for the public administration Germany will represent a market opportunity with a value of at least EUR 244 bn over the next five years, according to a new research reported issued by Germany's largest property group, IVG Immobilien.
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.
