Financial Statements

25 Related party transactions

Sir John Ritblat, Chairman of the Group until the end of 2006, held an effective 1% equity interest in, and is a non-executive Chairman of, Colliers CRE PLC who are amongst the Group's managing agents and as such received fees for their services.

Sir Derek Higgs, Deputy Chairman of the Group until 14 July 2006, is a non-executive director of Jones Lang LaSalle who are amongst the Group's managing agents and as such received fees for their services.

Details of transactions with funds and joint ventures including debt guarantees by the Company are given in notes 4 and 24. During the year the Group recognised performance and management fees receivable from unit trusts of £27m (2006: £26m) and joint venture management fees of £3m (2006: £3m).

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