Global real estate investment manager Barings Real Estate has provided its first floating rate senior debt facility on behalf of an institutional investor with a £42.7m (€48.3 mln) loan secured against The Pinnacle in Leeds.
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.
