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Transactions | Apr 9, 2024
Proprium Capital Partners, the real estate private equity firm, has sold 35 percent stake in Motel One Group, an European affordable design hotel company, to the majority shareholder One Hotels & Resorts GmbH (OHR), led by founder Dieter Müller, for a purchase price of €1.25 billion ($1.36 billion).
Transactions | Apr 8, 2024
Homes England and Network Rail Property have signed a development agreement with McLaren Property and Arlington Real Estate to be strategic development partners for York Central, one of the United Kingdom’s largest city center regeneration schemes.
Research | Apr 8, 2024
Asia Pacific is home to half of the top 10–performing cities in the world for innovation and talent, including Beijing (second), Tokyo (fourth), Seoul (sixth), Singapore (seventh) and Shanghai (ninth), according to JLL analysis.
Research | Apr 8, 2024
The senior housing occupancy rate for the 31 NIC MAP Primary Markets increased 0.5 percentage points, from 85.1 percent in the fourth quarter of 2023 to 85.6 percent in the first quarter of 2024, according to data released by NIC MAP Vision and analyzed by the National Investment Center for Seniors Housing & Care (NIC).
Transactions | Apr 8, 2024
Hines has acquired a 20,000-square-meter (215,278-square-foot) retail warehouse, located next to its existing investment, Fresh Park Venlo located in Venlo, Netherlands, on behalf of the Hines Global Income Trust (HGIT).
Research | Apr 8, 2024
Number Holdings, the direct parent company of 99 Cents Only Stores, one of the nation’s major dollar store chains, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to implement the previously announced orderly wind-down of its business and pursue a value-maximizing sale of its real estate and other assets.