Vienna- and Warsaw-listed property group Immofinanz has closed the sale of its Russian retail portfolio to Russia's Fort Group for around €900 mln, thus executing a key precondition for its planned merger with fellow Vienna-listed real estate company CA Immo.
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.
