Savills has ranked the UK, which accounted for some 42% of total European investment volume in 2010, as the top investment market in Europe, followed by Germany, France, Sweden and the Netherlands. In terms of top cities, the international real estate adviser rates London, Paris, Stockholm, Berlin and Hamburg as the top five destinations respectively in terms of investment volume.
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.
