UK Commercial Property Trust Limited, which is advised by Standard Life Investments, has completed the sale of its three retail centres in Shrewsbury town centre to Shropshire Council for approximately £51 mln (€59 mln), representing a small premium to book value.
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.
