Transforming German open-ended real estate funds (GOEFS) into listed vehicles is the only way of boosting their liquidity and achieving a bigger and well-functioning market in Germany, Olivier Elamine, CEO of Alstria Office REIT, told PropertyEU.
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.
