Portuguese hotel group CS has unveiled plans to open 10 new premises in the Algarve, Lisbon and Alentejo regions of Portugal this year. According to president Carlos Saraiva, the new centres represent a total investment of EUR 440 mln and will bring the number of hotels managed by the group in Portugal to 16.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
