German project developer GBI has won a mandate to invest €500 mln in hotel properties in Germany, Austria and Switzerland on behalf of institutional investor Bayerische Versorgungskammer (BVK).
Weeks after purchasing four London hotels for £1 bn (€1.2 bn) from Grange Hotels, Queensgate Investments has divested the ground rent of three of the properties to long income asset manager Alpha Real Capital.
Alternative co-investment platform Astarte Capital Partners has launched a £400 mln (€463 mln) closed-end investment fund focusing on acquiring London property assets with scope to be ‘transformed to core’.
Troubled UK shopping centre owner and manager intu has appointed Matthew Roberts as chief executive with effect from 29 April.
Frankfurt-based GEG German Estate Group has paid Tishman Speyer €365 mln for two properties in Berlin’s Alexanderplatz.
Swedish investor Heimstaden is paying Round Hill Capital €1.4 bn for a Dutch residential portfolio. The deal makes Heimstaden the third-largest private property owner in the Netherlands.
WeWork, the nine-year-old US flexible workspace provider which opened its 50th London office this week, doubled its losses to $1.9 bn (€ 1.7 bn) in 2018, despite also doubling revenues to $1.8 bn (€1.6 bn).
A joint venture between US-based Harbert Management Corporation and Dutch firm Quan Real Estate Investors has paid almost €80 mln for a portfolio of 12 office buildings in the Netherlands.
Singapore’s sovereign wealth fund GIC has taken a 25% stake in Dutch hotel group citizenM, valuing the company at €2 bn.