Property adviser Knight Frank saw profit rise 10% to £102 mln (EUR 116 mln) in the year ended March 31 from £92.3 mln in the same period a year before. In a statement this week, the firm said turnover increased 7% to £308.4 mln from £288.0 mln in 2010.
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.
