Degi, the investment arm of insurer Allianz, rates 10 German property companies and eight private equity investors as potential candidates for tax-investment real estate investment trusts (REITs). So far, no REITs at all have been launched in Germany since the introduction of the legislation at end-March.
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.
