Listed companies and pension funds are drawing on massive firepower to carve out dominant positions as retail landlords as investment volumes in the sector continue to slide from their 2015 peak. Deals editor Cormac Mac Ruairi reports.
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.
