The growth of e-commerce will lead to the further scaling-up of shopping centres and retailers, according to Simon Durkin, head of research Europe at RREEF. ‘Some smaller regional shopping centres may still have compelling fundamentals, but on the whole large regional shopping centres will become more dominant at the expense of small, secondary centres,’ he said in an interview with PropertyEU.
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.
