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.