Institutional investors will drive the further development of the listed market in Germany, predicted Ulrich Holler, CEO of DIC Asset, during a panel discussion at the annual EPRA conference in London last Friday. ´The retail market is still far away,´ he noted. ´It will have to go the institutional way.´
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.
