Legal & General said on Tuesday that its balance sheet businesses Legal & General Capital (LGC) and Legal & General Retirement (LGR), have executed a record £1.1 bn (€1.2 bn) of real asset disposals in 2017 to date.
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.
