The two main accounting standards bodies globally have made a preliminary decision to exclude all investment property lessors from a proposed major overhaul of rules for how businesses recognise lease transactions, the European Public Real Estate Association (EPRA) said on Wednesday.
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.
