UK commercial real estate values are currently 10% above long-term average (once inflation is stripped out), giving a 50% risk of prices falling by 30% within the next five years, according to a new metric launched to sound an early warning for overvaluation.
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.
