The European listed real estate sector slipped by -1.3% in February, according to the GPR 250 Europe Index. Several countries recorded negative returns: Norway reported the biggest loss of -14.% (Norwegian Property), followed by Poland (GTC -11.3%), Turkey (Is REIT -10%), France (-3.3%), the UK (-2.6%), Finland (-1.6%), Germany (-0.1%) and Austria (-0.1%). All performances are expressed in euros.
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.
