Adler Real Estate, a German listed residential landlord, has acquired the 700-unit Wasserstadt Mitte development project in central Berlin in a forward-purchase transaction. The project is expected to have a market value of €385 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.
