German open-ended real estate funds as a whole returned 0.1% in February, but returns on funds with a global focus dropped to a negative result of 0.4%, according to the recently published OFIX-monthly report of Investment Property Databank.
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.
