Tel Aviv-listed Alrov Group is to develop a 160-bed, five-star hotel at the Cafe Royal block on the southern end of Regent Street in Central London. The group, controlled by Israeli real estate businessman Alfred Akirov, signed a 125-year lease for Cafe Royal with The Crown Estate on Sunday.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
