Office vacancy rates in Madrid have eased in the second quarter of 2011, standing at 4.73% in the city's Central Business District (CBD), down from 5.31% in Q1 2011, according to international real estate advisor Savills.
Office vacancy rates in Madrid have eased in the second quarter of 2011, standing at 4.73% in the city's Central Business District (CBD), down from 5.31% in Q1 2011, according to international real estate advisor Savills.
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.