ABERDEEN, UK-Malmaison Aberdeen Property Holdings Limited andMalmaison (Aberdeen) Limited, the affiliates of MWB's subsidiary,MWB Malmaison Holdings Ltd., have closed a contract to sellMalmaison, an 80-room hotel in Aberdeen, for GBP 16.1 million andleaseback the hotel from the new owner. The 57,673-square-footproperty will be sold to CIP Property (AIPT) Limited.

The Malmaison hotel will be sold on behalf of CitibankInternational plc as controller for Aviva Investors Property Trust.The MWB subsidiaries will leaseback the hotel for 35 years. Forthe full story, go to Europe Real Estate .

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