Kazakh real estate company Chagala Group has signed an agreement with Zere, another local firm, to develop and operate a number of shopping centres across the country. Under the plan, Chagala will take a 50.1% interest in Zere's subsidiary Zere Malls, which will be renamed Chagala Zere Malls (CZM).
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.
