Austrian listed real estate company Immoeast has bought a 90,000 m[sup]2[/sup] shopping mall project in the Romanian port city of Constance for EUR 185 mln. The mall will be developed by Hungarian builder Trigranit, in which Immoeast has a 25% interest. Construction is to start next summer, with completion scheduled for 2008.
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.
