Arnold de Haan is stepping down from his role as ceo of Multi Development on 1 May 2007. He has agreed to serve as a senior advisor to Multi and its shareholder Morgan Stanley Real Estate Fund V International 'for a certain period', the company said in a four-line press statement issued on Wednesday afternoon. The statement did not elaborate on why De Haan is stepping down as ceo.
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.
