Restoring UK Tax-Free Shopping Could Add £11.5bn in Economic Output, Cebr Model Finds

Graphic summarising Cebr estimates for the impact of restoring VAT-free shopping in the UK

Heart of London-commissioned research projects up to 2.35 million extra visitors, £4.1 billion in additional spending and 152,900 supported jobs, but the estimates are scenario-based and the Treasury has previously challenged the fiscal case. KEY TAKEAWAYS Cebr's upper-bound scenario estimates that restoring VAT-free shopping could generate £4.1 billion in additional tourism spending and £11.5 billion… Read the full news article

CapMan and AP Pension Acquire Crowne Plaza Copenhagen Towers in 50/50 Nordic Hotel Venture

Exterior view of Crowne Plaza Copenhagen Towers in Copenhagen's Ørestad district

The 366-room Ørestad hotel will remain under Bellagroup operation, with targeted refurbishment planned as CapMan Nordic Real Estate IV builds its first portfolio after a June 2026 close. KEY TAKEAWAYS CapMan Nordic Real Estate IV and AP Pension have acquired Crowne Plaza Copenhagen Towers through a newly established 50/50 joint venture. The four-star Ørestad property… Read the full news article