Austrian builder Meinl has won a public tender for the development of a 50,000 m[sup]2[/sup] shopping centre and a five-star hotel with 300 rooms in the northern Turkish city of Samsun. The investment value for the mall comes to about EUR 90 mln, with an expected yield of 11.5%. The opening is scheduled for year-end 2009. The development of the hotel will involve an additional EUR 28 mln.
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.
