Local Shopping REIT (LSR) is planning to raise up to £160 mln through a listing on the London Stock Exchange in May, after which LSR will elect to become a real estate investment trust (REIT). The proceeds will be used to fund LSR's future acquisitions.
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.
