Fair Value REIT-AG reported revenues increased to EUR 14.4 mln in 2010 from EUR 12.2 mln the previous year while consolidated net profit amounted to EUR 2.2 mln - up over EUR 5 mln on the 2009 loss of EUR 2.9 mln.
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.
