German companies may postpone conversion to real estate investment trust (G-REIT) status or put off launching new G-REITs until the SPD and CDU/CSU coalition government introduces corporate tax reforms that will lower the effective tax rate from 2008, according to an analyst familiar with the German property sector.
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.
