Savills research reveals that the recovery on Europe’s prime mass market high streets – well-located, high-traffic retail areas that serve a broad consumer base – has gained momentum, with Q3 year-on-year (YoY) rental growth averaging 9.9%, nearly seven times the 1.5% recorded a year earlier.
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.
