Patrizia's Rockspring Property Investment Managers has completed the off-market acquisition of 9-10 St Andrew Square in Edinburgh for £25.75 mln (€29 mln), reflecting a net initial yield of 5.2%.
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.
