A 55,000 m2 Portuguese shopping centre is the latest in a string of assets to come up for sale over the past two weeks.
Ceetrus Portugal (formerly Immochan) is targeting the sale of a 50% stake in Forum Sintra, a three-storey mall with 182 shops in Sintra, just north of Lisbon. The sale, which is being handled by JLL and RPE, is expected to close before the end of the year.
Ceetrus is looking to retain the other 50% share in the €150 mln mall, which it bought in 2018 as part of a shopping centre portfolio transaction with Blackstone.
The asset was developed by Multi and represented an investment of €170 mln when it opened in 2011.
Also in Portugal, German fund manager Deka is expected to announce shortly the sale of Torreshopping, a mall in Torres Novas, central Portugal, which it bought in 2007 from developer Mateus. Developed at a cost of €30 mln, the asset is being sold to Brazilian conglomerate BTG for some €15 mln.
Also in this week’s data sheet, 90North is looking to sell Drakehouse Retail Park in Sheffield, UK, for £51 mln, and Lothbury Investment Management has hired Savills to manage the sale of a London retail park for £30 mln. In the office sector, a major asset could come up for sale as Brookfield eyes the disposal of the Citypoint tower in London.
In the financing section, a wide spread of financiers are issuing big-ticket loans, led by Blackstone’s €3 bn refinancing of the IQ student platform with a dozen banks and other financial parties.
Click here to access the data
