Real estate mortgage bank Eurohypo is considering investing as much as EUR 1.5 bn in Turkey in 2007, according to ceo Bernd Knobloch. The bank, which entered the Turkish market 15 months ago, invested some EUR 600 mln last year, 2% of its total trade volume, he told the Turkish newspaper Daily News.
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.
