Insurance companies are forecast to account for as much as 20% of the European lending market in the next three to five years, Natale Giostra, head of CBRE's debt advisory arm told PropertyEU in an interview during the EXPO REAL property fair in Munich.
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.
