LONDON-MWB's subsidiary MWB Malmaison Holdings Ltd is selling and leasing back four Malmaison hotel assets located in Charterhouse Square in London, Manchester, Newcastle and Birmingham. The total consideration receivable is GBP 86.8 million in cash. DEKA Immobilien GmbH is buying and leasing the Charterhouse Square property to MWB Malmaison, while a fund administered by Legal and General Property Limited is purchasing and leasing the other three properties.
MWB Malmaison will lease back the hotel assets upon completion of construction. For the full story, go to Europe Real Estate .
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