Iberdrola Inmobiliaira, the property arm of Spain's energy company Iberdrola, is investing EUR 150.3 mln in the southern Spanish city of Seville to buy and develop some 1 million m[sup]2[/sup] of land. Iberdrola said in a press release it will use 65% of the land for industrial and storage activities and 35% for third-party activities.
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.
