Germany's Magnat Real Estate Opportunities said on Wednesday that it has signed a strategic co-operation with JJW Hotels & Ressorts with respect to the expansion into Eastern Europe. JJW is part of an international group with total assets of $ 1.7 bn that acquires, develops and operates hotels and resorts in prime locations throughout Europe and the Middle East.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
