Listed real estate companies located in peripheral Eurozone countries, or with sizeable exposure to those markets, are being punished by investors, new research presented at the European Public Real Estate Association's (EPRA) annual conference on Thursday shows. The stock values of these companies reflect fears the currency bloc may disintegrate, the research reveals.
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.
