BNP Paribas Real Estate has appointed Barbara Koreniouguine to head all its development activities as part of a major reorganisation. With an annual turnover of over EUR 1 bn, BNP Paribas' development unit encompasses the construction of over 400,000 m[sup]2[/sup] of offices and 3,000 residential units.
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.
