Usually, when we read about en bloc deals or collective sales, we learn that the property has been around for decades. They are usually built in the 1970s, 80s or 90s, so after many years of wear and tear, the building and/or land they sit on is ripe for redevelopment after 30 to 50 years. We’ve covered some, such as.
Did you know that the infinity pool was invented as early as the 1960s by American architect John Lautner? It may be surprising to hear as it does seem like a recent invention, given how modern it looks. But thanks to the rise of Instagram, today, having an infinity pool seems to be the bare minimum in any new condo.
Quinta acquires two-property portfolio in Cortina, Italy, from Bain, NREP acquires Quality Hotel River Station in Drammen, Norway, from Bane NOR, AJ Capital acquires the Slieve Donard Resort in Newcastle, Northern Ireland, from Hastings, PPHE acquires the FRANZ Ferdinand Mountain Resort Nassfeld, Austria, from “K1”, Avelios and Crestline acquire The East London Hotel from Definition, AGO Hotels acquires the ibis Swansea and ibis budget Newport in Wales, Sadrudin acquires the ibis budget Hotel Bradford UK.