Japan's Government Pension Investment Fund (GPIF), the largest pension fund in the world, is about to announce its overseas real estate fund of fund manager, according to market experts.
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.
