PGIM Real Estate, the US global firm, has quietly begun a strategy in Europe to allocate a maximum of 10-15% of its European value add strategy to large camping sites with possibilities to upgrade each via asset management initiatives.
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.
