Phenomenal growth in the Russian real estate investment market and large assignments from clients has led Catella Property Group to open a new office in Moscow. The Swedish property advisor and provider of asset management services said that the Russian market is 'booming' and on the verge of taking off 'with transaction volumes in 2006 exceeding those of 2003, 2004 and 2005 combined'.
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.
