Private equity giant KKR is said to be considering a €4 bn sale of European car park operator Q-Park, in the largest of a string of big-ticket sales launched this week.
Earlier this week, Swedish listed firm Heimstaden announced that it will be seeking to sell the bulk of its Dutch rental living portfolio. The package consisting of 12,000 units is expected to fetch well over €1 bn.
Meanwhile French property firm Icade is looking for a buyer for a major healthcare portfolio in Portugal and AustralianSuper has hired JLL to dispose of its 50% stake in the centre:mk shopping centre for an amount lower than the price it paid for the asset back in 2013.
Despite the difficult fundraising environment, a trio of funds was also announced this week, all looking for high returns.
Feldberg's Brunswick Property Partners launched a Central London development fund while Cerberus is looking for distressed assets for its latest vehicle, Cerberus Institutional Real Estate Partners VI. Similarly, Nordika’s Fund IV will be targeting opportunistic returns after raising €200 mln in the firm’s largest fundraising effort to date.
In the financing space, there was little activity as only one new loan was signed this week (Maslow Capital financing two UK student housing schemes).
We also track this week’s deals.
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