Central and Eastern European construction group Strabag has been awarded a EUR 200 mln contract for the turnkey construction of the TaunusTurm at the Taunusanlage park in Frankfurt's financial district. The project, representing a joint venture of US group Tishman Speyer and German fund manager Commerz Real, consists of a 170-metre high office tower and a 62-metre residential asset connected by a six-storey block.
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.
