Italian deputy economics minister Vincenzo Visco has signed the enacting decree facilitating the creation of SIIQs, the Italian equivalent of real estate investment trusts. The Italian state council still has to take the final hurdle, Italian newspaper IlSole24Ore reported. It is expected that the SIIQ regime will become operational by the end of June, as initially planned in Italy's 2007 financial budget.
Principal Real Estate has acquired a stake in the Rome Cavour Hotel through a Separate Account Mandate.
