A pick up in portfolios and larger assets coming to market suggests transaction volumes may increase in H2 2023.
Amundi put another chunky asset up for sale this week. Paris’s Hotel Pullman Tour Eiffel is on the block, for circa €430 mln. The asset manager last month put ‘Project Blue’ on the market, comprising 10 large, prime European office buildings.
Goldman Sachs was until recently part of a consortium led by Golden Tree which is reported to be appointing a bank to sell the UK Travelodge chain, seeking £1.2 bn for the 595 budget hotels.
Goldman is also already at the start of the process to offload Ireland’s 112,000 m2 Blanchardstown shopping centre, seeking at least €650 mln, while
As previously reported, Blackstone is another big investor testing the market now with large office buildings, having decided to try again to sell 48,000 m2 Tripolis in Amsterdam.
There are reports of two more portfolios new on the market this week: the remaining European properties of Chinese insurer Anbang are now for sale while a Canadian Reit wants to divest a €1.68 bn Dutch residential portfolio.
The largest completed sale announced was CommerzReal’s acquisition for the Hausinvest fund from Signa of the remaining 80% it didn’t own in Berlin 100,000 m2 tower Mynd, but no price was disclosed and so the deal is not listed here.
We also track the latest new loans and one fund closing.
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