Italy is moving forward with legislation to introduce real estate investment trusts (REITs). An amendment of the Finanziaria, the State annual financial budget, contains the first official draft of the legislation, Italian media sources have reported. The draft will be presented for discussion in the Senate by Italian deputy Economics minister Vincenzo Visco.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
