ABERDEEN, UK-Malmaison Aberdeen Property Holdings Limited and Malmaison (Aberdeen) Limited, the affiliates of MWB's subsidiary, MWB Malmaison Holdings Ltd., have closed a contract to sell Malmaison, an 80-room hotel in Aberdeen, for GBP 16.1 million and leaseback the hotel from the new owner. The 57,673-square-foot property will be sold to CIP Property (AIPT) Limited.
The Malmaison hotel will be sold on behalf of Citibank International plc as controller for Aviva Investors Property Trust. The MWB subsidiaries will leaseback the hotel for 35 years. For the full story, go to Europe Real Estate .
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