Innkeepers USA Trust, a US hotel REIT, has announced it is to be bought by Apollo Investment in a deal valued at $1.5bn (£755m). The Times
Apollo is to pay $17.75 a share in cash and take on Innkeepers’ debt.
The Ringley Group has acquired fellow property management specialist JP Hay to support its growth in the build-to-rent (BTR) market.
The nine office blocks cover around 465,000 sq ft and are mostly located in business parks in the South East.
Proptech platform LandInsight has launched a mobile app that enables users to obtain detailed information on sites from their phones.
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