PropertyEU

Spanish bank buys half-built Strand hotel in London

By A staff reporter 2010-01-07T00:00:00

A subsidiary of Spanish bank BBVA has acquired the Strand hotel in London for significantly more than the minimum sales price of £110 mln (EUR 122 mln). Property adviser Cushman & Wakefield (C&W), which in October was instructed by receivers at PricewaterhouseCoopers to market the luxury hotel and residential development, ...

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