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UK - Panattoni has increased its investment in its net zero carbon logistics park at Sittingbourne to £170 million with the acquisition of an additional 10-acre site at G Park Sittingbourne.
UK - CBRE Investment Management has announced Primark is set to join the Ashley Centre, Epsom's premier shopping destination. This coincides with the centre undergoing its £7 million refurbishment, which is set to see significant upgrades to the scheme, including a refreshed interior and a new external entrance.
Germany - Instone had a solid start to the year in view of the market environment. Supported by a high number of projects already sold, adjusted sales, based on scheduled construction progress, were close to last year's level.
UK - AXA IM Alts announces that Gordon Ramsay Restaurants will open what will be the UK's highest building top bar and restaurant offering at 22 Bishopsgate in London. Gordon Ramsay Restaurants has taken a 20 year lease on levels 58M, 59, 60 and 61 of 22 Bishopsgate, directly above Horizon 22, the recently opened, and Europe's hig...
UK - Apex Hotels expands further into rural properties with its latest purchase in Scotland. The family-owned group has acquired the Meldrum House Country Hotel and Golf Course in Aberdeenshire for an undisclosed sum.
France - The Turenne Hôtellerie team has sold the premises and business of the Mercure Lyon Centre Château Perrache hotel on behalf of its Turenne Hôtellerie 2 fund. The new owner is the French hotel group Sohoma, which paid over €24 million for the hotel, according to market sources.
Spain - The Ocean Drive hotel company, owned by Ibiza businessman Marc Rahola Matutes, has sold the Ocean Drive Barcelona hotel in the city centre for a reported €55m. New owner is a confidential eastern European investment company.
Spain - Azora kicks off the marketing of ML28 Madrid Urban Hub, the first urban campus in downtown Madrid, located in one of the most dynamic areas of the capital today, the Four Towers and Madrid Nuevo Norte. CBRE will exclusively market the project, expected to be completed by mid-2025.
UK - KKR and its European hospitality partner Amante Capital acquired the 132-bedroom Park Grand London Kensington Hotel from Bartek Holdings Limited. Terms of the transaction were not disclosed.
Austria - Strabag has signed a purchase agreement together with Porr for parts of the Vamed Group, specifically for the technical operations management and construction projects divisions of Vienna General Hospital (AKH Wien) as well as Vamed's Austrian project development business and its Austrian spa holdings, for a total purchase pr...
Germany - Demire Deutsche Mittelstand Real Estate AG announces a change in the company's Supervisory Board. Kerstin Hennig left the Supervisory Board on May 1, 2024 at her own request. Ernö Theuer, Managing Partner of the Frankfurt-based investment company Crespi Group, has been appointed as a new member of the Supervisory Board and su...
Poland - Golden Star Estate has its team reinforced by two experts in the field: Małgorzata Głowicka has joined as Group Chief Financial Officer and Magdalena Ruta has been appointed as Head of Asset Management.
Italy - On 12. April 2024, Leonardo Hotels acquired the Hotel Cicerone Rome from Banco BPM for a reported €70 million. The hotel will reopen as NYX Hotel Rome by Leonardo Hotels after a comprehensive renovation. Leonardo Hotels is now represented with two hotels in Rome and a total of seven hotels in Italy.
Sweden - Revelop has acquired 11 assets in two separate transactions after securing more than SEK 2,4 billion in new equity commitments for its latest flagship value-add fund. One of the transactions is a SEK 900 million acquisition from Castellum.
Hungary - IWG is opening a state-of-the-art flexible workspace in Budapest As the adoption of hybrid working rapidly accelerates across Hungary, the number of enquiries for space in IWG locations has risen sharply and this new opening helps meet rising demand.