The Mauritius office of Pam Golding Properties has sold a six-bedroom, luxury beachfront villa in exclusive One&Only Private Homes Le Saint Géran resort development for USD13.6 million – the highest price ever achieved for a residential property sold on the island. The property has been acquired by a foreign buyer.

Sol Kerzner is not retiring, even though the 78-year-old hotel magnate has sold out of the group that made him a global powerhouse and spawned some of the world's best-recognised hospitality brands.

Investment Corporation of Dubai buys 'significant' equity interest in Kerzner International Holdings.