Tel-Aviv listed Gazit-Globe is planning to spend $260 mln to develop shopping centres in Bulgaria. The company told news agency Reuters it will build between 15 and 20 malls over the next five years in the country. Property acquisition and construction will be managed by the company's unit Gazit Globe Israel.
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.
