Real estate investors are struggling to find direction amid capital market turbulence and mounting concerns about a potential break-up of the eurozone. Even economists are at a loss to make sense of the current climate, noted Mike Sales, head of property investment at Henderson Global Investors. ´If you ask five people, you will get five different views,’ added Peter Schreppel, CEO of CBRE Germany.
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.
