With $5 of investment chasing every $1 of product, 2007 should be another strong year for investment markets, according to Tony Horrell, ceo of European capital markets at Jones Lang LaSalle. 'Returns will continue to be attractive as investor interest in established markets remains strong and tomorrow's emerging markets get ever deeper and more transparent.'
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.
