Italy's social security agency INPS (Istituto Nazionale Previdenza Sociale) has unveiled plans to sell 75 office properties across the country starting from this year. According to President Antonio Mastrapasqua, the state-owned institute is preparing for the 'largest real estate disposal ever realised by a public administration in Italy'.
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.
