Hyatt Hotels Corporation has entered into a franchise agreement with Orjin Konaklama Yönetim Hizmetleri for the first Hyatt branded hotel in Izmir, Turkey.
The UK’s ability to support tens of millions of elderly people in terms of their care or accommodation needs will be close to collapse by 2029 unless the government takes decisive action, a new report warns.
Hammerson has exchanged unconditional contracts on the sale of a portfolio of seven retail parks to Orion European Real Estate Fund V (Orion) for a headline price of GBP400 million with expected net proceeds of GBP395 million.
London is set for an increase in commercial real estate investment in 2020 as international investors target the capital’s high-yielding office market, following the decisive 2019 UK General Election result.
Frasers Property UK has signed the Better Buildings Partnership’s (BBP) Climate Change Commitment. The BBP’s Climate Change Commitment unites signatories in targeting carbon net zero by 2050 and commits all signatories to publish their net-zero pathways by the end of this year.
Edinburgh offices had a stellar year in 2019 despite the political and macro-economic challenges facing the sector, research from Knight Frank shows. Figures from the independent real estate consultancy reveal GBP284 million worth of deals were concluded last year, representing a 70.4 per cent increase on 2018.
The level of investment in long income property from pension funds is expected to grow significantly over the next two years, thanks to a combination of low bond yields and an uncertain macroeconomic environment.
Round Hill Ventures, a European proptech venture capital firm, claims it is helping to close the gap between property and technology sectors by facilitating collaboration between different players in the real estate ecosystem.