Lev Leviev, the diamond and property billionaire, has been appointed non-executive chairman of AFI Development, the AIM-listed developer focused on Russia. Leviev will replace the outgoing chairman Erez Meltzer on 1 January 2008. Meltzer is also setting down from his position as the CEO of Africa Israel Investments at the end of the year.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
