Swiss investment manager Helvetica Property Investors has acquired the four-star Movenpick hotel in Zurich's Regensdorf area on behalf of the Norwegian real estate fund, Swiss Real Estate Danmark. The seller is the Swiss real estate company Clair. The transaction is 'in excess' of NOK 150 mln (EUR 20 mln), the company said, of which around 70% is bank funding.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
