Almost two thirds (63%) of European commercial real estate asset management firms are investing the equivalent of 7-10% of the value of their assets under management in due diligence to help them understand the ESG performance of their commercial property portfolios as they strive to meet net zero targets, while benefiting from the enhanced value of ‘green’ buildings.
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.
