Host Hotels & Resorts has announced that its European joint venture with Dutch pension fund ABP and an affiliate of Singapore's GIC Real Estate has acquired six hotels in France, Germany and the Netherlands for a total of EUR 565 mln. Host is the largest lodging real estate investment trust in the US and GIC is the investment arm of the government of Singapore.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
