Four Spanish property companies are to plough about EUR 1.2 bn into the development of mixed-use towers in Madrid's Ciudad Deportiva district, the plot of land that formerly housed Real Madrid's training center. The four 200-metre structures will change the skyline of the Spanish capital by 2008.
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.
