Mirland has become the latest in a string of Russian developers to sign a debt refinancing agreement in the wake of improving market sentiment. The company has refinanced two loan facilities totalling $43 mln (EUR 31 mln) with GazpromBank and Sberbank, two of Russia's leading banks.
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.
