Global real estate investment company Kennedy Wilson and its equity partner have closed the acquisition of The Capitol Building, a 173,000 sq ft (16,070 m2) institutional quality office campus for $66.2 mln (€55 mln), reflecting a cap rate of 7.7%.
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.
