Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, will invest up to £200 mln (€230 mln) in equity to fund the development and operation of around 10 new retirement communities across the UK.
Irish hotel operator Dalata Hotel Group has purchased the Apex Hotel London Wall for £53.4 mln (€62.1 mln) from Apex Hotels Limited, the owner of the long leasehold interest, with 107 years remaining.
