Quantum Property Partnership, a 50/50 joint venture between Quintain Estates and Morley Fund Management, has secured an agreement with the South West of England Regional Development Agency to create a new science and technology park, SPark, in Bristol. Quantum plans to develop 77,000 m[sup]2[/sup] of science and technology space on a 22-hectare site for an investment of £200 mln (EUR 297 mln).
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.
