Hungarian TriGranit will invest EUR 2 bn in Poland over the next five years, researchers at merchant bank Kempen & Co said, citing an article in Polish newspaper Parkiet. Budapest-based firm will start construction of an office building and a housing development this year. The combined valued of these two projects ranges between EUR 400 mln and EUR 500 mln, Parkiet 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.
