If real estate’s development story looks bleak at the moment, you might not be looking in the right places. Persisting in resilient niches has never been more important, although the project fundamentals remain of vital importance, according to Giles Membrey, managing director of Rioja Estates.
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.
