International real estate broker DTZ has given its majority shareholder, St George Participations (SGP), and BNP Paribas a month to launch a takeover offer or walk away. DTZ has been in discussions with both parties since early May about a potential bid.
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.
