AXA Real Estate signed 68 leases in Spain on behalf of its clients in 2011, representing a total of 113,350 m[sup]2[/sup] of space across its Spanish portfolio. This marks an increase of around 90% on 2010, when 60,855 m[sup]2[/sup] of space was let across 42 leases. Of the 68 lettings in 2011, 23 were new and 45 renewals and extensions.
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.
