Globe Trade Centre, a subsidiary of Amsterdam and Tel-Aviv-listed Kardan, has begun construction of the 15,200 m[sup]2[/sup] NEFRYT office building in Warsaw. The building is scheduled to be ready for occupancy in the first quarter of 2007.
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.
