BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Visa to Move European Headquarters to London’s Canary Wharf 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
GS E&C’s Elements Europe, an offsite modular specialist, has been tasked to build a 23-story hotel in London. It was on Tuesday, April 26, when the company announced that it was able to secure the deal for the hotel’s construction.
The project is worth £100 million or 62 billion won, and it will include a hotel and offices. Elements Europe will be the main contractor, and UBS Asset Management Real Estate & Private Markets (REPM), The Pickstock Group, and BSW Land and Property are funding the construction.
It should be noted that the Pickstock Group is also Elements Europe’s founder and co-owner. The hotel will be built in central London’s East Road and it will consist of 5-storey of offices and above will be a 17-storey volumetric modular hotel.
As per The Korea Herald, the building will also have two basement floors. Elements Europe said that the construction of the hotel will begin this year, and the target date of completion is by the second half of 2024. Europe’s popular hotel chain called Motel One will be operating the building for three decades once completed.
"We look forward to working with our partners in this prime, central London location, on this advanced scheme. Elements Europe has considerable experience as a leading large-scale modular manufacturing and construction company, having been founded over 17 years ago,” Elements Europe’s chief executive officer, Simon Underwood, said in a press release.
He went on to say, “Now supported by one of the world's leading construction and engineering groups - GS E&C - it enables us to provide certainty and security for our customers in today's difficult markets. The environmental aspects of this scheme are important to us as a business and are another example of how the industry can continue to modernize for our sustainable future."
Finally, the hotel will be called the Motel One 4 and its development will deliver the Environmental, Social and Governance (ESG) goals of its stakeholders. The majority of the building will be built using prefabricated modules that minimize negative environmental effects. This is eco-friendly because it reduces noise and pollution, there is less disruption in the area due to fewer deliveries of materials to the site.
