A UK build-to-rent joint venture of Apache Capital and KKR has secured £157 mln (€184 mln) in debt funding to finance the construction of Moda Living’s build-to-rent (‘BTR’) neighbourhood in Brighton and Hove in the UK.
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.
