Total trades in the UK Commercial Property Derivatives market grew to £4.68 bn (EUR 6.94 bn) by the end of 2006, according to the IPD Annual Index. The total volume for 2006 was £3.57 bn, a 300% increase over the previous two years.
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.
