Sydney-headquartered Lendlease and US private equity group Starwood are reported to have acquired the development rights for the £3.5 bn (€4 bn) Silvertown Quays scheme in London's Royal Docks, replacing the existing Silvertown Partnership consortium of Chelsfield Properties, First Base and Macquarie Capital.
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.
