Core Hospitality, a Denmark-based third-party hotel management company, is adding 14 locations with more than 2,200 rooms to its portfolio through a regional merger with rival operator Zleep Hotels.

Core Hospitality CEO Peter Haaber founded the Zleep brand in 2013. The acquisition of the Zleep locations, for an undisclosed price, brings Core’s portfolio to 19 hotels across five brands as it looks to expand its presence that currently spans Denmark and Norway. 

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TPG Real Estate, the property platform of global alternative asset management firm TPG, acquired what it bills as Ireland’s largest privately owned residential developer, Quintain Developments Ireland, from private equity firm Lone Star.

Dallas-based Lone Star put the business up for sale in March, seeking more than €200 million or about $220.6 million. Quintain handles all stages of housing delivery and has a land bank that it said has capacity to produce 7,700 rental and for-sale units in the greater Dublin area. 

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The office component of a mixed-use complex near Paris, built on the former site of a McDonald’s restaurant, is posting quick office lease-ups by firms reported to include Nocibé, a noted French perfume and cosmetics distributor.

Completed and pending leases at the office building at Emblem, a two-building complex in the northeastern French city of Lille, could bring the building to 90% leased just a few months after the property was taken over by developers Icade Promotion and Groupe Duval. Sources said Nocibé signed a lease for nearly 4,000 square meters, with another firm specializing in renewable energy in the process of signing a similar-sized lease.

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Brookfield-owned Alstria Office REIT has been informed by German regulators that it must increase the percentage of its shares available for public trading by the end of this year if it wants to remain a real estate investment trust.

Officials of Hamburg-based Alstria said the office landlord is working to increase what is known as its free float or public float from 4.6% to 15% of total shares that are available for public trading and not held by insiders. If it fails to do so, the company said it faces potential tax liabilities of €376.4 million, three times its annual operating profits since 2019. Toronto-based Brookfield acquired a majority stake in the company in 2022. 

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A long-stalled initiative to build homes at a former downtown bus station owned by the city of Montreal appears to be getting in gear, with a pair of local firms proposing to develop 900 apartments near the Berri metro station.

Mondev, among the city’s most active development companies, has partnered with UTILE, a non-profit company currently tackling several student housing projects, to build the rental units the southern end of Montreal’s Voyageur bus station. City requirements calling for at least 20% of units at the site to be classified as affordable have proven challenging for some developers in other instances, as seen in the failure to launch redevelopment of the massive Blue Bonnets former racetrack site in Montreal.

CoStar News>>

A trip to the convenience store used to mean filling up the gas tank, grabbing a canned soft drink and maybe a candy bar if you had enough spare change.

These days, a visit involves much more — nitro cold brew coffee on draft, thin-crust pizza and chicken curry rice balls, just to name a few menu items that seek to appeal to price-conscious consumers frustrated with inflation. Growing sales from prepared food is one reason why convenience store chains are rapidly expanding and buying rivals, with the parent of Circle K’s unsolicited offer this week to acquire 7-Eleven just the latest example.

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This report was compiled from CoStar’s news publications in the United States, United Kingdom, Canada, France and Germany.