In today’s roundup of regional news headlines, SGX-listed CDL Hospitality Trusts acquires a hotel in England, Singapore’s Q Investment Partners offloads student housing assets in Scotland, and Chinese authorities broaden property lending support to bigger cities.
Singapore’s CDL Goes Deutsch with $112M Munich Hotel Buy
A trust affiliated with City Developments Limited (CDL), the Singaporean property heavyweight, is taking its first piece of continental Europe’s real estate market by buying the Pullman Hotel Munich for €98.9 million (about $112.3 million), the company announced this week.