Privately-owned global real estate investor Hines has executed the final closing of its Hines European Value Fund (HEVF) with a total fund size exceeding €720 mln of equity commitments, surpassing its original target by more than 40%, according to the firm.
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.
