German property investment firm IVG may float German commercial properties worth EUR 1.5 bn in the form of real estate investment trusts (REITs), Financial Times Deutschland reported, citing IVG ceo Wolfhard Leichnitz.
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.
