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Cycas Hospitality has boosted its presence in the Benelux market with the opening of two extended-stay properties in two neighbouring countries with two global hotel groups.
Grosvenor Britain & Ireland announces that Edyn has signed to develop a new site at Liverpool One, further diversifying the destination’s offering, while adding to the accommodation group’s expanding portfolio of extended stay sites across the UK and Europe. Savills acted for Liverpool One. Edyn dealt directly.
DIC Asset AG sold Riverpark, a development project in direct riverside location in downtown Frankfurt, through its subsidiary GEG German Estate Group GmbH on behalf of an individual mandate today. According to initial information, the buyer is developer Groß & Partner. The transfer of possession, benefits and burdens is sched...
Bonava has signed an agreement with the property company K2A Knaust & Andersson Fastigheter AB (publ) regarding the sale of a rental housing project in Umeå. The project comprises 83 Nordic Swan ecolabelled rental apartments across a total lettable area of approximately 3,850 square metres. The transaction amounts to SEK 158 ...
The Radisson Hotel Group announces the opening of its first serviced apartment property and eighth operating hotel in the Dutch capital of Amsterdam. The 227 all-suite aparthotel Radisson Hotel & Suites Amsterdam South offers the perfect base for families and long-stay visitors. Nestled amidst a maze of canals in a leafy neig...
Visionapartments has acquired the former Ramada Bucharest Majestic Hotel, making the company one of the major players in the Romanian real estate market. This outstanding property with 111 rooms is located on Calea Victoriei, one of Bucharest’s oldest historic streets.
Room2, the world’s first hometel brand, has completed the sale and leaseback of its flagship offering, room2 Southampton, to a fund managed by Aberdeen Standard Investments. The disposal price of c. £10 million reflects a prime net initial yield of 4.98% with a 30 year indexed linked lease in place. The hometel concept, a sub...
Primonial REIM – already operating in Belgium with a portfolio of residential and commercial properties under management – is conducting its first healthcare real estate acquisition in Belgium by entering into the forward sale of a senior services residence on behalf of its real-estate fund the SCPI Primovie.
CR Investment Management (CR) has founded a new investment company, Neworld. The company aims to establish a portfolio of managed properties spanning the entire real estate usage chain, from serviced apartments, co-living, education, office-as-a-service, healthcare and elderly living all the way through to urban farming. Newo...
Tattersall Lorenz Immobilienverwaltung und -management GmbH has founded Talyo Property Services GmbH. The new subsidiary will focus exclusively on the property management of residential real estate. The company is initially being headed by Susanne Tattersall as sole managing director.
JLL has appointed Jeremy Eddy as Head of Living and Hospitality Capital Markets in EMEA, effective immediately. In this newly created role, Jeremy will work closely with the existing EMEA Capital Markets Living and Hospitality teams to ensure clients have access to the most active capital sources and the best cross-sector inv...
Christie & Co recently launched their new report focusing on the hostel markets in Vienna, Prague and Budapest. The report shows an overview of the business model itself, key characteristics, the evolution of the hostel concept and gives a deeper insight of the mentioned markets: Vienna, Prague and Budapest, in terms of deman...
Rockwell and FirethornTrust have secured planning permission from the London Borough of Tower Hamlets for the landmark redevelopment of Quay House, Canary Wharf. The 40-storey development will deliver a 400-bedroom hotel and 279 serviced apartments alongside impressive dockside leisure facilities.
Continuing its expansion course, Visionapartments is adding another property to its portfolio. The company purchased the Hotel Fox in Lucerne and developed 60 fully furnished rooms, partly with kitchenettes. In addition to the accommodation, the building will offer a sauna and an external restaurant. The key location in close...
Siemens and the State of Berlin invited 18 architecture firms and urban planning teams to participate in the competition to redesign Siemensstadt (“Siemens City”), the company’s historic location in Berlin. After two days evaluating their proposals, the high-caliber jury has now reached a decision: “Siemensstadt 2.0 will be i...
Richmond & Hampshire has sold The Elvetham Hotel, to Jastar Capital Ltd (Jastar). The deal included the simplifying of a complex group structure as well as the drafting and negotiation of a sale and purchase agreement for the entire issued share capital of Richmond & Hampshire.
The Student Hotel (TSH) has secured €82 million for its two new hotel projects in Paris and Toulouse through an innovative ESG financing structure from Crédit Agricole CIB. The funding combines the characteristics of a green loan with a sustainability-linked loan, which the French bank is applying to a structured credit line ...