The cost of breaking swaps contracts taken out by real estate investors who borrowed in euros at the peak of the property market in 2006/07 has increased substantially, according to an analysis by global real estate advisor, CBRE.
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.
