Italy's Generali plans to invest up to EUR 7 bn in European property in the coming three years. The company is also considering shifting assets into a real estate investment trust (REIT), Generali property investment's general manager Giovanni Paviera told news agency Reuters.
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.
