An Asian investor is in pole position to acquire the newly launched One and Two Southbank Place in London from developer Almacantar, after bidding more than the £875 mln (€970 mln) asking price, according to media reports.
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.
