German companies seeking to convert to a real estate investment trust could consider merging with existing REITs if they fail to meet the deadline for full conversion at the end of 2012, according to Frank Schaich, CEO of Fair Value REIT.
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.
