Dutch financial group ING's UK property arm, ING UK Real Estate said its net asset value per share increased by 26%, in the period from the company's incorporation in September 2005 to end-2006, due to continued favourable conditions on the UK commercial property market. The Guernsey-registered closed-ended investment company made dividend payments equivalent to 5.84 pence in the same period.
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.
