Five consortia have bid for the management of the Olympic sports centre in Agios Kosmas, Greece, which hosted the sailing events at the 2004 Summer Olympics in Athens. The winning group will be awarded management of the site for 45 years. The centre provides some 8,945 m[sup]2[/sup] of buildings, a harbour for 1,170 yachts, stores, restaurants and a 30-room, five-star hotel.
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.
