Hochtief, the German construction and development company, is planning to expand in Central and Eastern Europe, according to the company’s incoming new ceo Herbert Luetkestratkoetter. 'The potential is so big in Russia that we are considering a strategic partnership onsite', he said at the company's annual results presentation on Thursday.
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.
