AXA Real Estate Investment Managers (AXA REIM) started construction last week of the first Hilton Garden Inn hotel in Switzerland. The investor is planning to spend around CHF 50 mln (EUR 40 mln) to develop the hotel next to the conference centre in the city of Davos. Swiss construction group Baulink has been contracted for the development.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
