Legal & General is to build up its real estate debt investing team and explore establishing debt funds after appointing former Blackstone managing director Lorna Brown as head of real estate debt for Europe.
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.
