Brussels-based real estate investment vehicle Befimmo has asked 15 banks to come up with a EUR 600 mln refinancing proposal, Belgium daily De Standaard reported. The lenders will formulate proposals involving a capital hike by issuing shares or an equity-linked product, debt refinancing and the possibility to taking a co-investor for real estate projects, the paper said.
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.
