German fund manager Union Investment Real Estate has acquired the 4-star Radisson Blu hotel in Amsterdam. The price was not disclosed but PropertyEU Research has established it was around €90 mln, or €360,000 per room.
Empira Group, the €9bn AUM Swiss-based real estate investment company, has raised over $120 mln so far towards a $600 mln (€558 mln) fund target for a US vehicle.
