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Planning has been submitted to transform a premier gateway site in Huddersfield into a major mixed-use development, creating hundreds of sustainable jobs for the town. Developers Trinity One LLP are regenerating the 6.1 acre former campus of Kirklees College in New North Road on the western side of the town’s ring road. Kirkl...
The Curtain Hotel and Members Club in Shoreditch has been sold to the Reuben Brothers. The sale is purely transactional and no changes will be made to the management or operations of the hotel and members club; a subsidiary of Michael Achenbaum and Jeffrey Levine, the co-developers of the project, retains management of the pr...
CBRE Global Investors, on behalf of one of its funds, has acquired the iconic Hanseviertel mixed-use building ensemble in Hamburg’s historic centre from Allianz Lebensversicherungs AG, which was represented by Allianz Real Estate Germany GmbH. With a combined GLA of ca. 38,850 sqm., the Hanseviertel consists of a shopping arc...
Yotel plans to open its second hotel in Scotland and fifth in the UK. The new hotel in Glasgow’s city centre will open in November 2019 and bring the brand’s key count in the UK to 823 as part of its European expansion strategy.
Jurys Inn and its owner, Fattal Hotels, have revealed plans to invest approximately £32 million (c. €35.4 million) in the redevelopment and expansion of the existing Jurys Inn Edinburgh hotel and its neighbouring site. The scheme, which remains subject to planning approval, will see Jurys Inn and Fattal undertake significant ...
Real estate developer Being Development in partnership with Valuas and CommonWealth Investments has today announced the start of construction of the predominant circular hotel in the fast developing Amsterdam – Noord.
Scandic Hotels has signed a long-term lease agreement with Bane NOR Eiendom and Utstillingsplassen Eiendom to operate a new hotel in the Nyhavna area of Trondheim. The hotel will be the city’s largest conference hotel with 425 rooms and conference facilities covering close to 4,000 m2. The hotel is expected to open in 2022.
The A Compartment of the PAI-Parchi Agroalimentari Italiani Fund set up and managed by Prelios SGR has signed a framework leasing agreement with Starhotels for the new Fico Eataly World hotel in Bologna. The agreement sets out the commitments and structure of the operation until the date of completion of the hotel, and includ...
Octopus Property has agreed to provide four commercial loans, totalling £35.2 million, to borrowers in Birmingham, Derby, Manchester and Edinburgh, as it continues to grow its loan book exposure outside of London and the South East. The four transactions are:
The sales rumors of Junghof Plaza in Frankfurt to Triuva are now officially confirmed by the investors involved. The Patrizia subsidiary has agreed the forward purchase of the mixed-use property in Frankfurt, in an off-market transaction on behalf of a large German pension scheme. The agreement was executed on behalf of a joi...
Hotel real estate investment in Europe reached €21 billion in the 12 months to Q2 2018, representing a 5.8% increase in transaction volumes year-on-year, according to the latest data from CBRE. Total investment volumes of all real estate sectors in Europe saw an increase of 4% on the same period last year.
Frankfurt, the eurozone financial capital, is the stronger performer of the 20 cities surveyed for the full year’s results of the Hosted Accommodation Investment Returns Index (HAIRI). The West German city showed both strong Capital Return Index rankings and strong Income Return Index rankings giving it a double-digit Total R...
RFR and Hines have signed a long-term lease with the Gekko Group at 160 Park View, a residential and hotel project in Frankfurt's Westend district. The group will operate the Roomers Park View in the 19-story hotel tower. The hotel, located at Grüneburgweg 102, is scheduled to open at the end of 2020. In the adjoining 160 Par...
Hong Kong-headquartered realty private equity firm Gaw Capital Partners has acquired a 50% stake in Hospes Hotel Group, a Spanish boutique hotel brand. For the acquisition the company has formed a joint venture with investment firm Omega Capital. The cost of acquisition was not disclosed.
Work on a new £10m (c. €11.2) hotel at Hamilton Park Racecourse has now begun, with Robertson Group to serve as lead contractor. Hampton by Hilton Hamilton Park will feature 118 rooms and is to be built on land previously used as a car park for racecourse guests. Planning approval was granted by South Lanarkshire Council in ...
BrickVest has announced the launch of Harvest Investment 8 (HV8), the latest in its range of thematic strategy Alternative Investment Funds (AIF) and the first to offer investors exposure to the US market. HV8 focuses on US trophy asset real estate strategies and has been launched in response to increased demand from Europe...
Triuva is under way again in the three-digit million euro range in Frankfurt, but this time on the buyer side. After the Patrizia subsidiary sold the Gallileo office tower for €356 million in May , the fund manager is now apparently investing around €400 million in the 33,350 m² Junghof Plaza on behalf of a German pension fun...
Saco Property Group has acquired two sites in Southwark, London and the North Docks, Dublin, aiming at developing two more Locke aparthotels. The 70,000 sq ft Tower Bridge Road site, to be called Bermonds Locke, is due to open in Spring 2020. The aparthotel will comprise 142 keys, comprised of 99 studios and 43 one beds. Th...
