Real estate investment turnover in Central and Eastern Europe (CEE) reached EUR 5 bn in 2010, a 90% increase on the total turnover in 2009 as a whole (EUR 2.6 bn), according to the latest data by CB Richard Ellis (CBRE).
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.
