Macquarie, the Australian banking and investment group, has launched a new push into the European property sector by acquiring GLL Real Estate Partners, a Munich-based fund manager with €7 bn of assets under management.
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.
