Following some slight growth in rental values for prime offices in 2010 for Milan's Central Business District (CBD), from EUR 460 m[sup]2[/sup] per year in Q4 2009 to EUR 500 per m[sup]2[/sup] per year in Q4 2010, Savills expects prime office rents to remain stable throughout 2011.
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.
