Spanish residential developer Aedas Homes has made a tepid debut on the Madrid stock exchange in what is Spain's second IPO by a developer since the onset of the financial crisis.
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.
