Spazio Investment, a Netherlands-based investment company targeting Italian industrial real estate assets, said its net profit reached EUR 101.8 mln during its first year as a publicly-listed company. 'The company is planning a strong acquisition programme in 2007 focusing on northern Italy,' Spazio's chairman John Duggan said Wednesday during a presentation of the company's full year 2006 results.
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.
