French Gecina may suspend its plan to consolidate its residential assets in a dedicated unit called Resico to be floated on the stock market. The possible suspension is a result of the 'complex separation agreement between Metrovacesa's main shareholders', Gecina said in a press release on Tuesday. Its shares fell 3.14% to EUR 137.15 by Tuesday afternoon.
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.
