Demand for office space in London is rising faster than anticipated, pushing rents upwards despite a challenging economic climate, financial sector relocations, and the continued trend of remote work.
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.
