Frankfurt-based GEG German Estate Group has acquired an office and hotel complex in Cologne for over €100 mln from an investment fund managed by Institutional Investment Partners (2IP). Internos Global Investors acted as transaction and asset manager for the fund.
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.
