Food Safety Teams Conduct Raids on 40 Hotels and Restaurants in Visakhapatnam

Food safety teams conducted raids on 40 hotels and restaurants in Visakhapatnam, focusing on compliance with food safety standards. Officials found extensive use of food colours, stalled food, and poor hygiene conditions. Notices were issued to several hotels, and 17 cases were registered for storing spoiled food. Criminal charges may be slapped after test results are received. Raids will continue to ensure food safety.

Hong Kong-based Regal Hotels International has agreed to sell Waterman House in London's Covent Garden area for GBP 19.5 million ($25.8 million). The sale, announced on July 29, 2025, is part of the company's strategy to reduce its debt, which stood at a 0.94 ratio of total debt to enterprise value in its most recent financial statements [1].

Waterman House, a 23,140-square-foot nine-story building at 41 Kingsway, is being sold to developer MNX Properties. The transaction is significant for Regal Hotels, which has been looking to offload assets to manage its debt levels. This sale follows a pattern of similar moves by the company to bolster its financial health.

The sale of Waterman House is part of a broader trend in the real estate market, where companies are looking to divest assets to improve their balance sheets. For example, Google is investing $6 billion to build a 1-gigawatt data centre in India, while Yondr Group has exited its joint venture in the country following its acquisition by DigitalBridge [2][3].

In related news, Singapore's Keppel Capital is in talks to sell a Brisbane office tower to Australian fund manager Acure for more than A$80 million ($51.8 million), while Star Entertainment Group has reported mounting losses and uncertainty over its proposed exit from Brisbane's Queen's Wharf project [4][5].

These transactions highlight the ongoing efforts by companies to manage their financial positions and adapt to changing market conditions. As the real estate market continues to evolve, investors should keep an eye on these developments and the broader trends that may impact their portfolios.

References:
[1] https://www.mingtiandi.com/real-estate/crelist/roundup-hong-kongs-regal-sells-waterman-house-in-london/
[2] https://www.mingtiandi.com/real-estate/crelist/google-to-build-6b-data-centre-in-india/
[3] https://www.mingtiandi.com/real-estate/crelist/yondr-exits-india-jv-sells-stake-to-everstone/
[4] https://www.mingtiandi.com/real-estate/crelist/singapores-keppel-capital-said-in-talks-to-sell-brisbane-office-tower-for-52m/
[5] https://www.mingtiandi.com/real-estate/crelist/star-deepens-losses-flags-uncertainty-over-queens-wharf-exit/