Laegernes Pensionskasse (LP), the Danish Doctors' Pension Fund, has disclosed a huge 56.4% return on its real estate investments last year, newspaper IPE Real Estate reported. The fund said the result was due to 'good developments in all the pension fund's property investments.'
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.
