French asset manager Stam said on Monday that it has completed the purchase of the Concerto building in the Paris inner rim on behalf of the Madeleine Fund, which is managed by Stam on behalf of German firm Helaba Invest and its partners.
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.
