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Hotelbeds said on Wednesday it had installed a new CEO, Nicolas Huss, to lead the travel technology business.
Huss takes the reins as Joan Vilà is stepping aside from his role as executive chairman. Vilà has led the Palma, Spain-based company since its creation in 2001, scaling it to become the market leader among wholesale distributors of hotel room inventory.
Hotelbeds’ controlling investors Cinven, Canada Pension Plan Investment Board, and EQT, tapped an outsider to be the company’s CEO. Huss, the former CEO of Ingenico and Visa Europe, now confronts the task of speeding up the company’s digitization.
The Canadian allocator has placed a $222.5 million bet on commercial real estate properties.
The Canada Pension Plan Investment Board (CPPIB) is investing US$222.5 million in middle-market real estate credit opportunities in France by partnering with Acofi Gestion, a Paris-based asset manager.
Acofi Gestion will advise on the venture and offer debt financing solutions to borrowers in one of Europe’s largest commercial real estate markets, CPPIB said Tuesday. It’s targeting medium-sized whole loans and mezzanine loans for assets.
The Canadian pension fund is venturing further into commercial real estate, just as more offices, hotels, retail, and other properties are increasingly under pressure because of the pandemic.
/CNW/ - Canada Pension Plan Investment Board (CPP Investments), through its Real Assets Credit (RAC) investment group, and Acofi Gestion have confirmed a.
The Subplot | Electric car charging, Manchester Arndale
4 May 2021, 09:00Comments (1)
Welcome to
Place North West.
THIS WEEK
Power failure: electric vehicle charging points are the latest hot amenity for offices, sheds, residential and retail. But do landlords and developers have some tough choices to make?
For Sale: the future of Intu’s stake in the Manchester Arndale, revealed, and it is going to be complicated.
POWER FAILURE
Can the North West grab a 6m sq ft gigafactory to smooth the transition away from petrol and diesel?
Sparks fly as EV charging meets property
Greater Manchester and Merseyside are lagging badly on electric vehicle charging infrastructure. For North West landlords, is it worth the cost and the nuisance involved in stepping up the pace?
CPP Investments, investing through its real assets credit investment business, has committed €185m to the new venture.
In a joint statement, the companies said the venture will be advised by Acofi and will provide borrowers with a suite of debt financing solutions, targeting medium-sized whole loans and mezzanine loans to support commercial real estate.
“The partnership will invest in higher leverage, middle-market financings against stabilised, transitional and development assets that are not currently supported by mainstream lenders and will pursue an investment strategy that is diversified in terms of instrument, asset class and geography.”
Alain Carrier, the head of Europe, head of international at CPP Investments, said: “With France as one of the largest commercial real estate markets in Europe, we have identified a clear shortage of local, flexible and structured sources of debt finance, particularly for more complex transactions.