Colonial's chairman Luis Portillo has said he is planning to enter the bidding to purchase the Repsol development in Madrid 'as soon as the details for the tender are announced'. His comment comes days after Sacyr's chairman Luis del Rivero revealed he is considering acquiring the skyscraper.
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.
