Istanbul has ousted London as the top spot for new acquisitions in the ULI/PwC Emerging Trends in Real Estate 2011 report, moving up from 5th place a year ago. It also ranks number one again for development and has moved up from 7th place to number two behind Munich for existing property acquisitions, reflecting a belief the city will be less affected by the economic problems facing the rest of Europe.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
