Rising interest rates and a poor outlook for the economy have continued to impact investor sentiment at the start of 2023, with UK property funds marking a sixth consecutive month of outflows.
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.
