Global real estate investment manager Invesco Real Estate (IRE) has concluded the first acquisition for its second pan-European hotel fund with the sale and leaseback of a portfolio of five hotels in Munich, Hamburg, Frankfurt, Vienna and Salzburg. The total acquisition price amounts to EUR 170 mln. The portfolio is long-let on 25-year leases to international hotel operator NH Hotels.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
