Property investment volumes in the Czech Republic are unlikely to reach the level achieved in 2011 this year as banks seek to clean up their non-performing loans and the eurozone uncertainty continues, according to Colliers International’s 2012 Eastern Europe Real Estate Review.
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.
