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City Developments Limited’s GET+ strategy graphic presents its next chapter of value creation, supporting the company’s planned S$5 billion investment and S$6 billion divestment program across commercial, hospitality, residential and living assets.
Corporate Updates

City Developments Limited Unveils S$5 Billion Investment, S$6 Billion Divestment Strategy Targeting Commercial and Hospitality Assets

City Developments Limited announced a three-year GET+ strategy on Sept. 28, 2026, targeting S$5 billion in real estate acquisitions and S$6 billion in divestments across commercial, hospitality and other property sectors. The plan centers on Singapore and aims to reduce net gearing to approximately 55% by FY2029 while doubling assets under management to S$10 billion.

•OfficeHospitality
A modern hospitality building with active communal outdoor space illustrates the type of YellowSquare accommodation being added through Invel Real Estate's more than €75 million Italian expansion.
Property TransactionsHospitalityMixed Use

Invel Real Estate and YellowSquare Commit More Than €75M to Expand Italian Hospitality Platform Across Four Cities

Invel Real Estate and YellowSquare have announced three acquisitions and a long-term lease across Bologna, Milan, Venice and Naples, representing a combined investment exceeding €75 million. The additions are expected to grow the YellowSquare platform from approximately 1,200 operating beds to roughly 3,300 beds.

•Invel Real Estate
People

Neel Virwani Named Chief Business Officer at Embassy Group's Listed Residential Arm

Embassy Developments Limited has appointed Neel Virwani as Chief Business Officer, effective October 1, 2026, tasking him with leading operations across North and West India as the company pursues an aggressive pan-India growth plan. The appointment comes as Embassy Group's listed residential developer targets ₹8,000 crore in pre-sales for FY27 against a launch pipeline with a gross development value of approximately ₹19,800 crore.

•Embassy Developments

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Aerial view of Capital&Centric's Goods Yard development in Stoke-on-Trent, including the restored Signal Box that will house Beartown Brewery's Goods Yard Tap and a forthcoming Italian restaurant.
DevelopmentMixed UseHospitality+1

Capital&Centric Adds Beartown Brewery Taproom and Italian Restaurant to £63M Goods Yard Development in Stoke-on-Trent

Capital&Centric is expanding the hospitality offer at its £63 million Goods Yard mixed-use development in Stoke-on-Trent, with Beartown Brewery set to open a café, bar and taproom in October 2026 and an Italian restaurant to follow. The two venues will occupy the development's restored Signal Box, adjacent to Stoke railway station.

•Capital&Centric
Melissa Schrock, Managing Director of Mixed-Use Development at The Davis Companies, who will oversee the firm's expanding national mixed-use portfolio.
PeopleMixed UseLife Science+6

Melissa Schrock Joins The Davis Companies as Managing Director of Mixed-Use Development

The Davis Companies has appointed Melissa Schrock to the newly created position of Managing Director of Mixed-Use Development, where she will oversee the firm's growing national portfolio of mixed-use properties. Schrock joins Davis from HRP Group, where she supported approximately 5 million square feet of mixed-use and life-science innovation projects.

•The Davis Companies
The refurbished conference facilities at Grand Hotel Vilnius reflect the €13 million repositioning completed by 1 Asset Management before the hotel’s sale to Spectra B.V.
Property TransactionsHospitality

1 Asset Management Sells Grand Hotel Vilnius to Spectra B.V. in Latest Hotel Exit

The IAM Luxury Hotels Fund, managed by 1 Asset Management, has completed the sale of the five-star Grand Hotel Vilnius, Curio Collection by Hilton, to Spectra B.V., a company affiliated with Tesonet. The transaction marks the third hotel exit for funds managed by 1 Asset Management and follows a €13 million-plus refurbishment program at the Vilnius Old Town property.

•1 Asset Management
Aerial view identifying the former Wyndham Köln at Breslauer Platz 2 and former TRYP Köln City Centre at Domstraße 10, the two Cologne assets Centralis Immobilien acquired for conversion into 233 serviced apartments.
Property TransactionsHospitality

Centralis Immobilien Acquires Two Cologne Hotels Near Hauptbahnhof for Conversion to 233 Serviced Apartments, With Bob W as Operator

Centralis Immobilien has acquired two former hotels adjacent to Cologne Central Station, with plans to convert them into 233 serviced apartments operated by Bob W. JLL and Cushman & Wakefield jointly brokered the transaction, which the Düsseldorf-based investment firm described as part of its ongoing portfolio-scaling strategy.

•Centralis
An aerial view of Charleston Harbor Resort and the adjacent Charleston Harbor Marina, the two waterfront properties separated between Procaccianti Companies and Suntex in the $182.5 million split transaction.
Property TransactionsHospitalityOther

Procaccianti Companies and Rugger Capital Acquire Charleston Harbor Resort; Suntex Takes Adjacent Marina in $182.5 Million Split Deal

Procaccianti Companies and Rugger Capital have acquired the 217-key Charleston Harbor Resort in Mount Pleasant, South Carolina, while Suntex Marina Investors separately acquired the adjacent 459-slip Charleston Harbor Marina in a combined transaction reported at approximately $182.5 million. TPG Hotels & Resorts will manage the resort under a value-add repositioning strategy.