The bad news is that Nordic real estate is unlikely to repeat last year’s stellar performance as the market reaches the top of the cycle. The good news is that the heady growth seen recently will be replaced by lower but stable, solid and sustainable growth.
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.
