Mipim has seen the launch of one of the largest shopping centre sales since the pandemic.
PropertyEU understands that Nuveen Real Estate has earmarked the Pep shopping centre in Munich’s Neuperlach district for disposal after an extensive two-year rolling refurbishment, overseen by centre manager ECE.
The centre is said to be an example of a large successful mall that is now trading back at 2019 pre-pandemic levels. Pep’s value is thought to be in the region of €500 mln.
Also, Spanish REIT Merlin is looking for a buyer for the so-called Tree portfolio consisting of nearly 700 BBVA bank branches across Spain. The entire package is believed to be worth some €2 bn, generating an income of €85 mln a year.
We also track the latest new financings, funds raising and other deals for which pricing has been disclosed.
Click here to access the data.
