Ares Management Corporation, the US global alternative investment manager, has raised $3.3 bn (€3 bn) for investing in real estate secondaries via Landmark Real Estate Fund IX (LREF IX).
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.
