Bulgarian Land Development has announced the acquisition of a 56,093 m[sup]2[/sup] regulated site near the Bulgarian winter resort of Borovets - the largest and most modern resort in Bulgaria. The company intends to develop a residential complex on the site, with an estimated sales value of about EUR 51 mln.
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.
