Worldwide: Property technology solution providers Reapit and PayProp are joining forces to deliver greater value and innovation to real estate and letting agents around the world.
UK: UK Chancellor Jeremy Hunt has announced that the 75 per cent discount on business rates [up to £110,000] for businesses in the hospitality, leisure and retail sectors has been extended by another 12 months as part of his Autumn Statement.
UK: Joivy is the new brand name and identity given to the group that is composed of DoveVivo, ALTIDO and Chez Nestor.
US: Kasa Living, a tech-powered, flexible accommodations brand and operator, has closed a $70 million Series C fundraise to fund and accelerate its expansion across the United States.
Germany: Digital hospitality platform NUMA Group has raised $59 million [€55.5 million] in growth equity capital in a Series C funding round.
UK: Plans to convert a group of vacant office buildings on the Headrow in Leeds into more than 100 student flats have been given the green light by Leeds City Council.
Worldwide: Flexible workspace provider Clockwise, which manages 15 physical flexible workspaces across the UK and Europe, has announced that it is launching its own virtual office space in the metaverse, known as the Clockwise Campus.
Spain: Investment company Amro Partners has announced that its PBSA portfolio in the Iberian market has hit a number of key project milestones so far this year as it seeks to grow its presence in the region, as well as improve on its ESG pledges.
US: Senior living company Nashville Senior Care LLC has become the latest operator in the sector to file for bankruptcy after exhausting an emergency loan secured due to the Covid-19 pandemic.
UK: Privately-owned real estate manager Redevco has announced a number of promotions and hires across its business, including the promotion of Chris Baker to UK portfolio director effective from 1 September 2023.
