International property services firm Jones Lang LaSalle has reported a higher-than-expected increase in revenue to $903 mln (EUR 655 mln) in the third quarter, largely driven by the $319 mln acquisition of King Sturge earlier this year. The EMEA region reported the strongest growth, with a 46% rise to $247 mln, versus $169 mln in 2010.
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.
