Africa-Israel Investments, the conglomerate chaired by Israeli billionaire Lev Leviev, has submitted a draft of a prospectus for an initial public offering of shares in its Russian real estate joint venture Stroicom on the London Stock Exchange (LSE).
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.
