Europe has become the world's most active real estate investment market, according to a report issued by global advisor Jones Lang LaSalle. European investment volumes in property rose 44% to $305 bn (EUR 232 bn) in 2006, of which 61% cross-border transactions. Inter-regional investment rose from 34% to 39% of total investment year-on-year.
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.
