Spanish companies developing or refurbishing properties with 3,000 m[sup]2[/sup] or more of space are obliged to add solar panels. Legislation to this effect was approved last year as part of the country's Technical Building Code, but became effective only from 29 March 29 this year.
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.
