A further rate cut by the European Central Bank helped revive the European commercial real estate investment pipeline and sentiment in the third quarter, with a series of major assets coming to market and renewed investor interest in the retail sector, according to Colliers’ latest EMEA Capital Markets Snapshot (Q3-2024).
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.
