Independent investment advisor DRC Capital said it has held the final close of its third fund, DRC European Real Estate Debt Fund III (DRC ERED III) with total commitments of £600 mln (€680 mln), hitting its hard cap and surpassing its target fund size of £500 mln.
Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest.
