Primary Health Properties has said that it will raise £38.6 mln (EUR 56.5 mln) to fund further growth. The financing will be raised through the issue of 9.3 million shares to institutional investors and qualified shareholders at a price of 430 pence per share.
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.
