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The NZX-listed property developer has performed well through the Covid-19 period. ACC has bought more than $5 million of CDL Investment shares in the past four months, pushing its holding in the NZX-listed property investment company above 5%, the threshold for disclosure. NZX disclosures show that between June 23 and October 23, ACC purchased 7,138,300 shares in the company for $5.4m and sold 80,211 shares for $65,773. It holds a total of 14,248,051m shares, worth $116.8m at the current share price of 82c. CDL is one of the longest-running residential developers in the country, dealing in...

Europe Hotel Transactions Bulletin - Week Ending 18 December 2020 share this article Advertisements AEVIS VICTORIA SA has acquired the 95-room Hotel Schweizerhof, Zermatt, on a sale and manage-back basis from operating and real estate companies indirectly owned by Michel Reybier for a reported CHF 63.2 million (€58.6 million representing €617,000 per room). Michel Reybier will continue to manage the hotel and received CHF 38.7 million worth of AEVIS shares. AEVIS now owns over 300 luxury hotel rooms in the Zermatt market, including the Mont Cervin, Petit Cervin, Monte...