Big Yellow, a leading UK self-storage company, is set to join the ranks of British real estate investment trusts (REITs), as the group's disagreement with the country's tax officials has been solved and HM Revenue & Customs has withdrawn its objection to the change in tax treatment of Big Yellow's rental income.
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.
