Newcastle United Football Club is planning to develop a £300 mln complex around its St James' Park ground. The league club said that the Number 1 St James' Park will cover a site ranging from 52,400 m[sup]2[/sup] to 60,000 m2, including a 140-room hotel and conference centre, newspaper Property Week reported. The funding for the park will not be part of the football club's revenues.
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.
