Pbb Deutsche Pfandbriefbank, the European specialist bank for commercial real estate finance, has provided a €118 mln senior loan to support the acquisition of a logistics portfolio by Clarion Partners Europe, on behalf of one of its commingled funds, from funds managed by Blackstone.
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.
