Latest news with #SelectGroup
Hospitality Net
5 days ago
- Business
- Hospitality Net
Europe Hotel Transactions Bulletin - Week Ending 30 May 2025
Genefim, the real estate investment arm of the French bank Société Générale, has acquired the four-star, 319-room Exe Rey Don Jaime hotel in Valencia, Spain, from Spanish real estate investment trust Atom Hoteles SOCIMI for €50 million (€156,700 per room). The property is situated midway between Valencia's old town and marina, by the Turia Gardens and the City of Arts and Sciences. The hotel includes a restaurant, bar, ten meeting rooms and a rooftop pool. Spanish operator Eurostars will continue to operate the hotel under its Exe Hotels brand. Yoomata Aldgate Property, a joint venture between French real estate firms Euragone Investment Management and Mata Capital, has acquired the three-star, 180-room Corner London City Hotel, UK, along with a plot of undeveloped land, from British real estate investment trust Great Portland Estates for £42 million. The hotel is located in East London's Whitechapel district, and includes a restaurant, bar and three meeting rooms. Yoomata reportedly plans to redevelop the site and eventually operate it under the Yooma Urban Lodge brand. Select Group acquires Old Thorns Hotel & Resort in Liphook, UK Dubai-based real estate investment firm Select Group has acquired the four-star, 150-room Old Thorns Hotel & Resort in Liphook, UK. The property was previously owned by Zhang Zhenxin, the founder of financial services conglomerate China UCF Group, who died in 2019 leaving UCF under a massive debt burden. UCF acquired Old Thorns in 2013 from the Shaw family who remained as operator of the resort. Situated in Hampshire, approximately 80 kms southwest of London, the resort sits within 317 acres of land and also includes 51 self-catering apartments, an 18-hole championship golf course, a restaurant, three bars and eight meeting rooms. Select Group plans to further invest in the resort. H10 Hotels acquires Juliana Hotel Paris from Éric Cleton Spanish owner-operator H10 Hotels has acquired the five-star, 40-room Juliana Hotel Paris from French hotelier Éric Cleton. Originally opened in 2015, the property is situated in Paris's 7th district, close to the Eiffel Tower. The hotel includes a restaurant, rooftop bar, and spa. It will be rebranded as The One Alma Paris, becoming the third property in the The One by H10 Hotels portfolio. Sampension, AKF & Comwell Hotels acquire Comwell H.C. Andersen Odense Danish pension fund manager Sampension, together with Danish real estate investment company AKF and Danish operator Comwell Hotels, has acquired the four-star, 157-room Comwell H.C. Andersen Odense Dolce by Wyndham in Odense, the third largest city in Denmark. The hotel is situated in the city centre, close to the central train station, and includes a restaurant, 24 meeting rooms and a casino. Comwell Hotels will continue operating the hotel.
ME Construction
27-05-2025
- Business
- ME Construction
Select Group completes off-plan sales of Peninsula in Business Bay
Property Select Group completes off-plan sales of Peninsula in Business Bay By Peninsula integrates residential, commercial, business, and lifestyle amenities into a waterfront destination Select Group has announced the successful completion of off-plan sales of its master community development, Peninsula, located in Business Bay. This significant milestone marks investor confidence in both the development and Select Group. Peninsula, integrates residential, commercial, business, and lifestyle amenities into a waterfront destination. The total Gross Development Value (GDV) of the completed sales is a remarkable US $1.91bn, said a statement from the firm. Peninsula boasts a diverse portfolio of 3,300 units across seven developments. Among these, the ultra-luxury Jumeirah Living Business Bay stands out as a 35-story tower crafted in collaboration with the esteemed Jumeirah Group. This structure offers 82 designed residences, spanning from 2,007 to over 12,000sqft. Beyond its living areas, the Jumeirah Living Business Bay provides a suite of amenities and services, ensuring the comfort and convenience for its residents. These amenities include concierge services, a dedicated guest relations team, on-site residential management, robust security measures, reliable housekeeping, valet services, and a welcoming residents' lounge. Select Group is delighted to announce the commencement of the investor handover process earlier this year. The handover for Peninsula Five, The Signature Collection, has been successfully completed, Peninsula One is scheduled for handover in early July 2025, followed by Peninsula Two and Peninsula Three, both set for Q4 2025. Jumeirah Living Business Bay is planned for handover in Q1 2026, while Peninsula Four The Plaza is scheduled for handover in mid-2026. The master waterfront community boasts retail space, including a mall, a Grade A office tower with leasable space, green areas, and sporting and family-friendly leisure amenities. All these features are integrated into a pedestrian-friendly design. The community's waterfront location and local community have attracted retail brands like Spinneys, Yas Healthcare, Freedom Pizza, and Half Cup. Many other retail and food & beverage brands are in discussions to join these established ones in the Peninsula community. 'The completion of sales of Peninsula is a proud milestone for Select Group and a testament to our unwavering commitment to creating exceptional, well-integrated communities,' says Israr Liaqat, Group CEO. 'Peninsula was designed to redefine waterfront living in the heart of Dubai, and the response from our investors and buyers affirms the strength of our vision and the trust placed in our brand'. Located at the Peninsula community is also The Plaza, a standalone waterfront marketplace destined to become a culinary destination spanning over two floors, including a terrace with views of the Dubai Canal.
Zawya
21-05-2025
- Business
- Zawya
Select announces sell-out of $2bln Dubai master community project
Following the final successful sale transaction of the Grade A office tower, Select Group has announced the completion of off-plan sales of its master community development, Peninsula, located in the heart of Business Bay. Spanning 3.3 million sq. ft. of prime waterfront real estate, Peninsula blends residential, commercial, business, and world-class lifestyle amenities into one vibrant waterfront destination. It has a total gross development value of AED7 billion ($1.9 billion), said the developer in a statement. Among Peninsula's 3,300 units across seven premium developments is the ultra-luxury Jumeirah Living Business Bay - a 35-storey tower developed in collaboration with Jumeirah Group. This exclusive tower offers 82 well-designed residences, ranging from 2,007 to over 12,000 sq ft, as well as a suite of curated amenities and services, it stated. These include concierge services, a guest relations team, on-site residential management, security, housekeeping, valet services and a residents' lounge, it added. Select Group began its handover to investors earlier this year, soon after completing the delivery of Peninsula Five, The Signature Collection. Soon to follow is Peninsula One, scheduled for early July 2025, followed by Peninsula Two and Peninsula Three, both scheduled for Q4. Jumeirah Living Business Bay is planned for Q1 2026, while Peninsula Four The Plaza is scheduled for handover in mid-2026. The master waterfront community also features 122,800 sq. ft. of retail space, including a 66,000 sq. ft. mall, a 217,000 sq. ft. Grade A office tower of 80,000 sq. ft. of leasable space, green areas, and an array of sporting and family-friendly leisure amenities, all integrated into a pedestrian-friendly design. With its exclusive waterfront location and vibrant local community, some of the most recognised retail brands, such as Spinneys, Yas Healthcare, Freedom Pizza and Half Cup, have confirmed their presence, with many others in the retail and food & beverage space in discussion to join these brands in the Peninsula community, said the statement. At the heart of the Peninsula community is The Plaza, a standalone waterfront marketplace destined to become an iconic culinary destination. It spans an area of 17,000 sq. ft. over two floors, including a 6,000-sq-ft terrace with panoramic views of the Dubai Canal. On the sellout, Group CEO Israr Liaqat said: "The completion of sales of Peninsula is a proud milestone for Select Group and a testament to our unwavering commitment to creating exceptional, well-integrated communities." "Peninsula was designed to redefine waterfront living in the heart of Dubai, and the response from our investors and buyers affirms the strength of our vision and the trust placed in our brand," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
20-05-2025
- Business
- Trade Arabia
Select announces sell-out of $2bn Dubai master community project
Following the final successful sale transaction of the Grade A office tower, Select Group has announced the completion of off-plan sales of its master community development, Peninsula, located in the heart of Business Bay. Spanning 3.3 million sq. ft. of prime waterfront real estate, Peninsula blends residential, commercial, business, and world-class lifestyle amenities into one vibrant waterfront destination. It has a total gross development value of AED7 billion ($1.9 billion), said the developer in a statement. Among Peninsula's 3,300 units across seven premium developments is the ultra-luxury Jumeirah Living Business Bay - a 35-storey tower developed in collaboration with Jumeirah Group. This exclusive tower offers 82 well-designed residences, ranging from 2,007 to over 12,000 sq ft, as well as a suite of curated amenities and services, it stated. These include concierge services, a guest relations team, on-site residential management, security, housekeeping, valet services and a residents' lounge, it added. Select Group began its handover to investors earlier this year, soon after completing the delivery of Peninsula Five, The Signature Collection. Soon to follow is Peninsula One, scheduled for early July 2025, followed by Peninsula Two and Peninsula Three, both scheduled for Q4. Jumeirah Living Business Bay is planned for Q1 2026, while Peninsula Four The Plaza is scheduled for handover in mid-2026. The master waterfront community also features 122,800 sq. ft. of retail space, including a 66,000 sq. ft. mall, a 217,000 sq. ft. Grade A office tower of 80,000 sq. ft. of leasable space, green areas, and an array of sporting and family-friendly leisure amenities, all integrated into a pedestrian-friendly design. With its exclusive waterfront location and vibrant local community, some of the most recognised retail brands, such as Spinneys, Yas Healthcare, Freedom Pizza and Half Cup, have confirmed their presence, with many others in the retail and food & beverage space in discussion to join these brands in the Peninsula community, said the statement. At the heart of the Peninsula community is The Plaza, a standalone waterfront marketplace destined to become an iconic culinary destination. It spans an area of 17,000 sq. ft. over two floors, including a 6,000-sq-ft terrace with panoramic views of the Dubai Canal. On the sellout, Group CEO Israr Liaqat said: "The completion of sales of Peninsula is a proud milestone for Select Group and a testament to our unwavering commitment to creating exceptional, well-integrated communities."
Arabian Business
20-05-2025
- Business
- Arabian Business
Select Group completes $1.9bn Peninsula development sales in Business Bay
Select Group has announced the completion of off-plan sales for its Peninsula master community development in Business Bay, Dubai, reaching a Gross Development Value (GDV) of AED7 billion. The announcement follows the final successful sale transaction of the development's Grade A office tower, marking what the company calls a 'key milestone' that demonstrates investor confidence in both the development and Select Group. Peninsula spans 3.3 million sq. ft. of waterfront real estate, combining residential, commercial, business and lifestyle amenities in a waterfront destination. Select Group's Peninsula sales hit milestone The development includes 3,300 units across seven properties, with the Jumeirah Living Business Bay standing as the most premium offering. This 35-storey tower, developed in partnership with Jumeirah Group, features 82 residences ranging from 2,007 to over 12,000 sq. ft. Residents of Jumeirah Living Business Bay will have access to concierge services, a guest relations team, on-site residential management, security, housekeeping, valet services and a residents' lounge. Select Group began the handover process to investors earlier this year with Peninsula Five, The Signature Collection. Peninsula One is scheduled for handover in early July 2025, with Peninsula Two and Peninsula Three to follow in Q4 2025. Jumeirah Living Business Bay is planned for Q1 2026, while Peninsula Four The Plaza is scheduled for mid-2026. The community includes 122,800 sq. ft. of retail space, featuring a 66,000 sq. ft. mall, alongside a 217,000 sq. ft. Grade A office tower with 80,000 sq. ft. of leasable space. The development also incorporates green areas and leisure amenities within a pedestrian-friendly design. Several retail brands have confirmed their presence, including Spinneys, Yas Healthcare, Freedom Pizza and Half Cup, with more retail and food & beverage establishments in negotiations to join the community. A feature of the development is The Plaza, a waterfront marketplace spanning 17,000 sq. ft. over two floors, including a 6,000 sq. ft. terrace with views of the Dubai Canal. 'The completion of sales of Peninsula is a proud milestone for Select Group and a testament to our unwavering commitment to creating exceptional, well-integrated communities. Peninsula was designed to redefine waterfront living in the heart of Dubai, and the response from our investors and buyers affirms the strength of our vision and the trust placed in our brand,' Israr Liaqat, Group CEO, said. Select Group states it will continue to focus on 'shaping the future of urban living' through developments and investments guided by 'innovation, quality, and long-term value.'
