Cushman & Wakefield, the privately owned international property adviser, has reported revenues of $2 bn (EUR 1.5 bn) for 2011, the second highest in the company's history. The figure was just below the record year of 2007 when revenues peaked at $2.1 bn.
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.
