AIM-listed Redefine International (RDF) has announced it has exchanged agreements with The Splendid Hotel Group for the acquisition of a portfolio of five Holiday Inn hotels located in London for a total of £106 mln (EUR 127 mln). Completion of the transaction is conditional on RDF securing satisfactory funding terms on senior debt secured against the hotels.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
