German property lender Deutsche Pfandbriefbank expects to be able to re-open its Stockholm office this summer. Anders Tagt, head of the bank's Nordic business, said he hoped to receive the licence from the Swedish authorities shortly.
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.
