Goldman Sachs has placed a portfolio of 46 Intercontinental hotels, owned by its Whitehall Fund, up for sale with a price tag of £500m. Sunday Times.
The hotels are mainly in France, Belgium and Italy and are run under the Holiday Inn and Crowne Plaza brands.
Intercontinental has sold most of its hotels to funds such as Whitehall, following a strategy of sale-and-manage-back arrangements under which it has returned £3.6bn to shareholders.
Developer AM Alpha has been given the go ahead to transform the Debenhams in central Manchester into a mixed-use scheme.
Housing association Aster Group has priced its first £250m sustainability bond under the group’s new European Medium-Term Notes (EMTN) programme.
Gym operators are calling for formalised landlord and tenant legislation to help the fitness sector survive the pandemic.
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