Central London commercial property investment transactions for 2010 totalled around £9.9 bn (EUR 11.6 bn), an increase of one-third on the £6.6 bn in 2009, according to Cushman & Wakefield.
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.
