Greece’s largest lender Piraeus Bank is seeking a buyer for a €1.5 bn non-performing loan portfolio in what is said to be the country’s first major property-backed sale by a local bank.
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.
