ACI Real Estate and Ferretti Group today launched two luxury waterfront residences, “Ferretti Luxury Beach Residence” and “Pershing Luxury Beach Residence”. Announced earlier this year, the two companies joined hands in what is believed to set new trends in luxury waterfront living. The freehold ownership project branded as “Marine Legends”, valued at about UAE 6 billion Dirham - over USD 1.6 billion - and situated at the Waterfront, offers a sprawling 1,969,607 Sq Ft of saleable area.
“This deal has furthered the vision we have at ACI Real Estate, which is to bring world class luxury living to Dubai. The Ferretti Group has been a leading luxury brand for decades now. We at ACI Real Estate want to blend Ferretti’s expertise into our real estate projects and provide our customers with the best of both worlds”, said Robin Lohmann, Managing Director of ACI Real Estate.
Vincenzo Cannatelli, CEO of Ferretti S.p.A., added: “The whole world is coming to Dubai and at ACI Real Estate we have found our match. This strategic venture is a result of mutual professional admiration and recognition of our common values.”
Friday, September 5, 2008
Tuesday, September 2, 2008
First development in Tuscany nearing completion
The call of this Etruscan homeland is ever so strong in the idyllic setting of the Tuscan medieval towns, surrounded by enchanting castles and rustic farmhouses. Keeping in mind Tuscany’s offering of a rich combination of historic cities, culture, warm climate and easy lifestyle, Frank Salt Real Estate and Homes of Quality has been giving Maltese citizens the opportunity to own their own piece of Tuscany over the past few years, offering a selection of developments scattered across this sought-after region of the Italian peninsula, ideal as holiday homes and as a unique investment opportunity.
Vepri is one such development that is now nearing completion and which has already opened its doors to its first residents. Set in the Chianti region, this hamlet of tranquillity and agricultural tradition is within easy reach of Siena, Arezzo (25 minutes) and Florence (35 minutes).
This newly built development is set on what was formerly a sizeable farm that has been reorganised into 33 luxurious apartments. A few remaining units are still available for sale and are being sold fully furnished; they offer a tranquil atmosphere, breathtaking views and total privacy.
Vepri is one such development that is now nearing completion and which has already opened its doors to its first residents. Set in the Chianti region, this hamlet of tranquillity and agricultural tradition is within easy reach of Siena, Arezzo (25 minutes) and Florence (35 minutes).
This newly built development is set on what was formerly a sizeable farm that has been reorganised into 33 luxurious apartments. A few remaining units are still available for sale and are being sold fully furnished; they offer a tranquil atmosphere, breathtaking views and total privacy.
Thursday, August 28, 2008
The New King Of Alitalia?
LONDON -Robert Colannino, the chief executive of scooter maker Piaggio, seems the most likely choice to become chairman of the "new" Alitalia, after a group of investors help relaunch the airline.
The 65-year-old executive is among a group of 16 investors, who include some of Italy's biggest names. Among them are the Ligresti family, which controls Italian insurer Fondiaria-SAI; and Carlo Toto, the head of rival Air One airline, according to Italian press reports on Tuesday and Wednesday.
Despite the heavyweight backing, getting Alitalia (other-otc: ALAIF - news - people )back on track is no small feat. Colaninno's résumé presents a mixed picture of whether he would be up to the challenge. Sogefin, the auto parts maker he founded over two decades ago, is now a successful, 116.2 million euro ($170.6 million) cap company.
The 65-year-old executive is among a group of 16 investors, who include some of Italy's biggest names. Among them are the Ligresti family, which controls Italian insurer Fondiaria-SAI; and Carlo Toto, the head of rival Air One airline, according to Italian press reports on Tuesday and Wednesday.
Despite the heavyweight backing, getting Alitalia (other-otc: ALAIF - news - people )back on track is no small feat. Colaninno's résumé presents a mixed picture of whether he would be up to the challenge. Sogefin, the auto parts maker he founded over two decades ago, is now a successful, 116.2 million euro ($170.6 million) cap company.
Friday, August 22, 2008
Generali places 30 pct of property fund
The Scarlatti real estate fund was set up in December 2006 with property assets worth 1.4 billion euros, consisting mainly of offices in Milan and Rome, it said in a statement.
"The unit price was based on NAV (net asset value) at 31 March 2008, net of income for the period," Generali said.
With a residual life period of 8.5 years, the fund is managed by Generali Immobiliare Italia SGR, a unit of the insurer's asset management arm Generali Investments SpA.
"The unit price was based on NAV (net asset value) at 31 March 2008, net of income for the period," Generali said.
With a residual life period of 8.5 years, the fund is managed by Generali Immobiliare Italia SGR, a unit of the insurer's asset management arm Generali Investments SpA.
Friday, August 15, 2008
Campaigners are trying to save a ramshackle Tuscan villa
Conservationists in Livorno have appealed to the Tuscan regional authorities to preserve the Villa Dupouy where the poet stayed for three months until his friend Shelley’s death by drowning in the nearby Gulf of La Spezia in July 1822.
A year later Byron stopped again at Livorno while sailing from Genoa to join the fight for independence in Greece, where he died in 1824. A local road, Via Giorgio Byron, was named after the poet in 1900 to commemorate his association with Livorno.
Fabio Roggiolani, a Green Party councillor in Livorno, said that the Villa Dupouy – formerly owned by Count Pietro Dupouy, a wealthy banker and also known as the Casa Rossa, or Red House – had been allowed to fall into disrepair and was nearly derelict. The 17th century two-storey villa boasts a once elegant façade with niches for statues. It has interior and exterior stone staircases and ceilings frescoed with cherubs and classical scenes. However the property, long uninhabited, has been subdivided into 15 apartments.
A year later Byron stopped again at Livorno while sailing from Genoa to join the fight for independence in Greece, where he died in 1824. A local road, Via Giorgio Byron, was named after the poet in 1900 to commemorate his association with Livorno.
Fabio Roggiolani, a Green Party councillor in Livorno, said that the Villa Dupouy – formerly owned by Count Pietro Dupouy, a wealthy banker and also known as the Casa Rossa, or Red House – had been allowed to fall into disrepair and was nearly derelict. The 17th century two-storey villa boasts a once elegant façade with niches for statues. It has interior and exterior stone staircases and ceilings frescoed with cherubs and classical scenes. However the property, long uninhabited, has been subdivided into 15 apartments.
Sunday, August 3, 2008
Italian Property helps breathe new life into renaissance ruins
Many Brits will return from a holiday in Italy this summer with grand designs of investing in a rustic ruin to restore to its former glory. However, turning a tumbledown building into an idyllic holiday home can be fraught with hazards: people often realise too late that the required renovation is beyond their financial and practical means.
Italian Property, one of the country's largest, independently operated real estate agencies, provides a bespoke restoration service to help buyers avoid the common pitfalls and ensure that work is completed to specification - and budget.
The company currently has a number of historic houses, ripe for restoration, available in a relatively undiscovered area of unspoilt Umbria. Often touted as "the new Tuscany", Umbria is a charming 'cousin', offering undulating olive groves, Renaissance towns and traditional houses. With its environment under enforced 'no new build' protection laws and annual appreciation beating the credit crunch, Umbria has the property renovation potential to match its dramatic landscape.
Italian Property, one of the country's largest, independently operated real estate agencies, provides a bespoke restoration service to help buyers avoid the common pitfalls and ensure that work is completed to specification - and budget.
The company currently has a number of historic houses, ripe for restoration, available in a relatively undiscovered area of unspoilt Umbria. Often touted as "the new Tuscany", Umbria is a charming 'cousin', offering undulating olive groves, Renaissance towns and traditional houses. With its environment under enforced 'no new build' protection laws and annual appreciation beating the credit crunch, Umbria has the property renovation potential to match its dramatic landscape.
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