LSE-listed CLS Holdings saw its pre-tax profits increase by 91.2% to £191 mln (€213 mln) in 2017, compared to £100 mln (€112 mln) the previous year. The growth was primarily due to the sale of the Vauxhall Square site in central London to Chinese developer R&F Properties.
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.
