Property investment company Raven Russia has agreed to fund and develop a $56 mln warehouse near Sheremetyevo, Moscow's second-biggest airport, in a venture with Turkey's EGL Holdings. The 55.000 m[sup]2[/sup] site is due for completion in the third quarter of 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.
