Barratt Developments, the UK housebuilder, is taking over Redrow in a £2.5bn (€2.9bn) merger between two UK publicly listed residential developers that could lead to the company providing a wider array of housing formats.
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.
