trending Market Intelligence /marketintelligence/en/news-insights/trending/jprfkkohbqwb6dmgq4shsq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Hongkong and Shanghai Hotels buys out partner in London project

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak

Broadband-Only Homes Surge To 25% Of US Households Ahead Of COVID-19 Crisis

Pandemic Causing Wildly Different Outcomes Across Media Sectors


Hongkong and Shanghai Hotels buys out partner in London project

will go ahead with a plan to acquire its partner's 50% stake in a mixed-useproject in London.

The companyis buying out Grosvenor Britain & Ireland for the 1-5 Grosvenor Placeproperty in Belgravia for £107.5 million in cash.

Aspart of the restructuring of the 50/50 joint venture agreement, the twocompanies will transition to a landlord-tenant relationship, wherein Hongkongand Shanghai Hotels will have full control over the development, while Grosvenorwill retain the freehold on the 300-acre estate.

Hongkongand Shanghai Hotels will also receive all the expected proceeds from apartmentsales and hotel profits, and Grosvenor will receive a fixed base rent.

TheGrosvenor Place complex will include the 190-room The Peninsula London hotel,between 24 to 28 luxury residential apartments, shops, bars and a courtyard.It is expected to open in 2021.