Listed international real estate broker DTZ has announced plans to start a formal sale process two days after the collapse of negotiations with a consortium of its majority shareholder St. George Participations and French real estate group BNP Paribas.
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.
