Investment in Italian retail property assets fell to a historic low in the course of 2010 but recovery is on track for next year, according to Davide Dalmiglio, head of retail investment at Jones Lang LaSalle.
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.
