UK property developer John Baker has announced the launch of a new venture to develop £2 bn (€2.3 bn) worth of new office space in England's South East commuter towns and outer London boroughs.
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.
