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 .


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.