European investors have shown a clear strategic shift in their investment preferences in Europe in favour of Germany and Central and Eastern Europe (CEE) as the most attractive markets in which to purchase real estate in 2011, new research by CB Richard Ellis has revealed.
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.
