After a brief lull, large transactions are being signed off before the year end.
Blackstone bagged a major slice of Facebook’s European HQ in Dublin for €400 mln and took control of €800 mln of Berlin offices - its first move back into German offices at scale since buying Officefirst five years ago. Officefirst will take over management of the Berlin Optimum portfolio while continuing to sell out its original portfolio.
AXA IM-Alts landed a very large, high quality Nordics logistics portfolio, and the largest Dutch office deal of the year was finalised. Many more large deals are on the verge of crossing the line.
DIC Asset’s €267 mln Cologne acquisition was the third German office buy by the company that PropertyEU has logged in as many months.
Last week’s theme - the return of liquidity for large European shopping centres - continues. One of the investors in Birmingham’s 1.5 mln sq ft Bullring mall put its stake up for sale, and CBRE IM and Portus were able to achieve a successful sale of BIG Shopping Center in Copenhagen.
We also track the latest fund raises and new financings.
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