Office take-up across Europe fell by 2% to around 2.9 million m[sup]2[/sup] in the final quarter of 2011, according to a new report by Jones Lang LaSalle. The figure marked a decline of 9% on the year-earlier period, the adviser said, due to subsiding corporate confidence and increasing uncertainty during the second half of the year.
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.
