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LGIM acquires London Yotel hotel for £70m

By Riya Makwana2021-04-22T00:00:00+01:00
Acting on behalf of its Managed Property Fund, LGIM Real Assets has acquired Yotel London Clerkenwell for £70m from administrators James Cowper Kreston.
The hotel at 96-100 Clerkenwell Road will continue to be occupied by Yotel under a long-term management agreement.
Yotel London Clerkenwell is Yotel’s first London hotel and comprises 212 cabins, a restaurant, a co-working space with food services, a gym and a snack bar.
As well as the hotel, the property offers 3,000 sq ft of retail and five apartments covering 5,000 sq ft. The building has BREEAM ‘Excellent’ and EPC ‘A’ ratings. ....

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Investegate |Provexis PLC Announcements | Provexis PLC: Half-year Report

Provexis plc ( Provexis or the Company ), the business that develops, licenses and sells the proprietary, scientifically-proven Fruitflow® heart-health functional food ingredient, announces its unaudited interim results for the six months ended 30 September 2020.

·Total revenue for the period of £237k, 7% ahead of the prior year (2019: £222k) and an all-time high in the first half of the year for the Fruitflow business.

·Planned launch by By-Health, a circa £4bn listed Chinese dietary supplement business, of a number of Fruitflow based products in the Chinese market is progressing well. Potential sales volumes remain at a significant multiple of existing Fruitflow sales.

·By-Health has made a significant investment in nine separate studies in China, at its sole expense, in support of the Fruitflow based products which it plans to launch in China. Studies conducted in China are needed to obtain blue ca ....

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