BRIEF-HNA Investment Group unit to sell serviced apartments worth 485.5 mln yuan
* Says its Tianjin real estate development unit signed agreement to sell serviced apartments to a Beijing real estate firm at 485.5 million yuan
MADRID May 18 Spain's economic growth is showing signs of speeding up in the second quarter of 2017 after gross domestic product expanded by 0.8 percent in the first three months of the year, Economy Minister Luis de Guindos said on Thursday.
"These are positive data. They show the government's forecasts are conservative," de Guindos told an event in Madrid. Spain recently hiked its growth projections for 2017 to 2.7 percent from 2.5 percent.
Separately, de Guindos also said that a "bad bank" known as Sareb, which is partially backed by the government and was created at the height of a banking crisis to cleanse bailed out lenders of their soured property assets, was looking to place a listed real estate vehicle in the market by the end of the year.
These vehicles, dubbed REITs, have become increasingly popular in Spain as the property market begins to recover from a 2008 crash. (Reporting by Sarah White, Editing by Angus Berwick)
BERLIN, June 29 Tackling climate change will be one of the central tasks of the upcoming Hamburg G20 summit of the world's largest economies, German Chancellor Angela Merkel told lawmakers on Thursday following the U.S.'s withdrawal from the Paris climate pact.