ABP, the UK’s leading port operator, has announced the launch of its transformed property arm as a £3.5 bn (€4 bn) development and investment business with a 960 hectare (2,372 acres) land bank.
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.
