While the UK has long had a reputation for modern and exciting retail and leisure concepts, the last few years have also ushered in a political, social and macroeconomic climate which has added an extra layer of complexity to a hitherto dynamic and stable marketplace.
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.
