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EasyHotel to build 5 Swiss properties; Buwog buys Vienna residential project

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EasyHotel to build 5 Swiss properties; Buwog buys Vienna residential project

This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.

UK and Switzerland

* EasyHotel PLC finalized the purchase of a site in Cardiff, Wales, where it plans to develop a 120-room hotel.

Additionally, the company's Swiss franchisee plans to build five properties in Switzerland with a total of 174 rooms. The hotels are slated to open over the next 14 months.

* In the first half of 2018, Highcroft Investments Plc divested a residential asset in Marylebone, London, to tenants for £98,000 below its December 2017 valuation.

Austria

* Buwog AG bought the Linke Wienzeile 280 residential development in Vienna in a forward-funded deal with Strabag Real Estate GmbH. The project will offer roughly 10,300 square meters of floor area across 192 residential units and ground-floor commercial units, with completion slated for mid-2020.

Additional coverage

Tritax Big Box REIT buys 4 logistics assets for £221.6M

HB Reavis sells 2 Warsaw office buildings for more than €200M

Dream Global to buy 2 German office assets for €107M

Skanska sells Budapest office project for €100M

Fabege divests Swedish asset for 268M kronor

Joyce Guevarra contributed to this report.