UK-listed Orchid Developments has announced the opening of a EUR 150 mln shopping centre in Bulgaria's third largest city of Varna. The Grand Mall Varna is one of the biggest retail complexes in Bulgaria and the largest in Varna, providing 50,000 m[sup]2[/sup] of retail space.
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.
