The rate of shopping centre development in Europe is slowing, with completions down 23% year-on-year at 3.8 million m2 in 2017, according to Cushman & Wakefield’s latest European Shopping Centres report.
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.
