BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management firm that forms part of Canada’s BMO Financial Group, has invested £60 mln (€67 mln) across nine properties on behalf of the F&C UK Property Fund, reflecting an initial yield of 4.8%.
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.
