Norwegian finance minister Kristin Halvorsen has called on companies to assist the government’s EUR 224.4 bn pension fund in its first exposure to real estate. According to IPE Real Estate, the government has launched a tender for companies to report on tax issues involving investments in property and infrastructure in 32 markets outside Norway. The deadline for submissions is April 12, 2007.
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.
