Some EUR 2.5 bn of Italian retail assets is up for grabs in Italy as developers look to cash in on rebounding property prices, according to Davide Dalmiglio, head of JLL's retail capital markets in Italy. 'Despite the large availability of product, as little as 10-15% of total stock corresponds to investors' current risk profile,´ Dalmiglio said.
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.
