European investment manager Rockspring has made a move into real estate development to take advantage of office supply shortages in some European markets. 'Since our foundation we have always focused on income-producing assets, and managing and improving that income has been the principle key in our strategy,' said chairman Richard Plummer in an interview with PropertyEU.
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.
