Weekly data sheet: Transaction volumes hit lowest level since start of the year

Not a single transaction above €100 mln was announced this week, as investors continue to be spooked by higher interest rates and an uncertain economic outlook.

PropertyEU recorded half a dozen deals, all under €100 mln, for a meager €300 mln this week.

Against this backdrop, Brookfield’s decision to sell UK holiday resort Center Parks announced this week seems like a bold move. The Canadian group is said to be seeking between £4 bn and £5 bn for the business which encompasses six holiday villages in the UK and Ireland. Brookfield bought the platform for about £2.4 bn in 2015.

In the loans section, the largest new financing this week was a €154 mln two-year facility provided by Dutch bank ABN Amro to Swiss based real estate company Necron Group to realise five logistics properties in the Netherlands.

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