The merger of France's Unibail and Rotterdam-based Rodamco Europe to create the largest pan-European commercial property company is likely to be the first of a series of consolidations in the European property sector, according to analysts at JP Morgan.
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.
