UK-focused hotel owner and manager Shiva Hotels Group has secured a £230 mln (€252 mln) development financing package from property finance firm Cale Street Investments and UK investment firm Crosstree Real Estate Partners to fund the construction of a luxury hotel in Marylebone, London.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
