Ernst & Young has confirmed that ING Real Estate Investment Management Netherlands is certified for a type I report that is compliant with the new International Standard on Assurance Engagements No. 3402 (ISAE 3402). The fund manager is one of the first real estate investment managers to receive the new ISAE 3402 certification.
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.
