Swedish construction company Skanska has been awarded a contract by Hermes Real Estate to build an office property in London for £68 mln (EUR 100 mln). The project is an eight-floor building comprising 21,000 m[sup]2[/sup] of lettable office space on Gresham Street in the City of London. Work has begun on the site and completion is expected in September 2008, Skanska said.
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.
