MWB agrees EUR 99m hotel leaseback with Deka and LGP

By A staff reporter 2011-07-20T00:00:00

London-listed hotel group MWB has sold four of its Malmaison hotel projects at a big discount to pay down debt in a sale-and-leaseback deal with funds managed by Germany's Deka Immobilien and UK-based Legal and General Property (LGP). Deka and LGP paid £86.8 mln (EUR 99 mln) in cash for ...

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