Listed Italian real estate company Beni Stabili has shelved plans to convert to the new Italian version of a real estate investment trust (REIT) this year. The company will wait until 2009 to decide whether to transform itself into the tax-efficient investment vehicle, known as a SIIQ in Italy.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
