The French Ile-de-France region in Paris attracted some EUR 7.1 bn of investment in real estate in the first quarter of 2007, according to a provisional survey by Immostat, an information centre set up in 2001 by four major real estate consultancies including CB Richard Ellis, Jones Lang Lasalle, DTZ and Atisreal.
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.
