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A partnership comprising Amro Partners, IP Investment Management ('IPIM') and Heed Capital ('Heed') has secured planning approval for Amro Valencia Puerto, Amro's second PBSA asset in the city and IPIM & Heed's maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with constr...
IHG Hotels & Resorts signs Kimpton Lisbon, the first Kimpton Hotels & Restaurants property in the Portuguese capital. Set to open its doors in early 2025, the boutique luxury hotel marks the second Kimpton to come to Portugal, following the signing of Kimpton Algarve São Rafael Atlántico in late 2023.
CPI Property Group appoints Stefano Filippi as Head of Corporate Finance. In addition to his group corporate finance responsibilities, Stefano will also assume the role of country manager for Italy. Giuseppe Colombo, who served in that role with distinction for nearly five years, will remain with CPIPG as Senior Advisor for I...
The Iberian Peninsula and Italy have emerged as the most sought-after hotel investment destinations in Europe for 2024, according to Cushman & Wakefield's latest sector analysis.
Neinver recorded a strong operating performance in 2023, with total brand sales reaching €1.48 billion across its entire portfolio, an 11% y-o-y increase and record-breaking monthly growth. The centres operated by the company across six European countries welcomed a total of nearly 68 million visitors over the course of the y...
RE Capital and its investment partner Real Estate Investement Group (REIG) sell a majority stake in their Villas Lobo project to an experienced local private equity fim. JLL Development Capital Markets team acted on behalf of RE Capital under an exclusive mandate.
Gucci owner Kering has acquired the Milan building „Via Monte Napoleone 8“ from Blackstone for €1.3 billion, making it the largest real estate deal in Europe since 2022. Not the only prominent purchase by Kering. Following the prominent purchases in 2023, the company announced in January that it had acquired a top building on...
Medinvest Asset Management's and King Street Capital Management's joint venture has reached an important milestone, having invested close to €200 million since its formation in 2021.
Hyatt Hotels Corporation celebrates the opening of Grand Hyatt Barcelona, the first urban Grand Hyatt hotel in Spain, located in one of the most visited cities in the world. Marking the fifth Grand Hyatt hotel operating in Europe, this expansion also reflects Hyatt’s accelerated brand growth in Spain. Hyatt offers the fourth-...
Another hotel in Ibiza has changed hands: BG Hotels has sold the four-star BG Portinatx Beach Club Hotel. The purchaser is a Spanish family of international hotel businesses, who will carry out a comprehensive refurbishment of the hotel with its 243 rooms to reposition it.
Spanish REIT Millenium Hospitality Real Estate has sold the four-star, 169-room Hotel Eurostars Lucentum in Alicante for €29.9 million to an undisclosed buyer. According to the REIT, the transaction has generated an estimated capital gain of €7m.
The redevelopment works for the landmark Hotel Bonvecchiati in Venice have commenced: Over the next two years, the project partners ECE Real Estate Partners, Soravia, and denkmalneu, will create a high-end 5-star lifestyle hotel with 168 rooms that is located just off St. Marks Square in the heart of the lagoon city and will ...
CBRE Investment Management has announced Kiko Milano, the Italian cosmetics brand, is set to open a new store in Angel Central, the retail and leisure destination situated in the heart of Islington. This forms part of the brand's rapid expansion plans across the UK and the continued strength of Angel Central in elevating its ...
In mid-March, Berlin-based private equity firm ActivumSG (ASG) has sold the three-star, 241-room Hampton by Hilton Barcelona Fira Gran Via in Barcelona, Spain, to an undisclosed British family office for €50 million.
Radisson Collection has strengthened its presence in Italy with the opening of its sixth hotel, the Radisson Collection Hotel, Roma Antica with 84 rooms. Nestled in the heart of Rome's historic city center, the hotel is situated in a prime location near the iconic Altare della Patria, the Pantheon, Piazza Venezia, and ancient...
Azora, through two logistics vehicles it manages, has acquired an asset portfolio valued at €91 million previously managed by CBRE Investment Management. The portfolio consists of 11 assets totaling 193,000 square meters, financed by a loan of up to €54.9 million. These assets are located on the A2, the main logistics axis i...
Savills launched its New Build Survey Italy, collecting responses from clients who contacted them with an interest in newly built properties. Most respondents (82%) wish to buy in a city market, preferring the metropolitan lifestyle, with a focus on the cities of Milan, Rome and Florence.