• Brack plans UK spend

Hotel investor Brack Capital has raised EUR26m in a London stock market listing. The company, founded in 1992 and with a USD2.5bn property portfolio, wants to increase its UK investments, reports the London Times.

Brack owns hotels including the Citizen M in New York, and is currently developing an Indigo in Manhattan. The company recently bought a listed building in Manchester, which it will refurbish.

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