Lone Star, Legal & General, an Intu administrator and Unibail are mulling sales in Ireland, the UK, Spain and the Netherlands.
Build-to-rent developer Quintain's Irish business is on the block after owner Lone Star hired advisers to explore its exit options. And Legal & General's new broom, CEO Antonio Simoes, is reported to have discussed a potential sale of Cala Group, owned since 2018 and which built about 3,000 homes in the UK in 2022, with advising bank Rothschild.
In Spain, the administrator to Intu's flagship investment there, 50% of Madrid's Xanadu regional mall, is about to put the stake up for sale with an expected €225 mln guide price. And in the Netherlands, Unibail-Rodamco-Westfield's shopping centre in The Hague is back on the market.
Owners hoisted for sale signs over two more UK retail parks, hoping to take advantage of investor liquidity for the retail asset class's typically smaller lot sizes.
British Land announced the details of its £385 mln joint venture with Royal London Asset Management as RLAM bought into the UK REIT's plans to transform Meta's former London HQ into life science space.
RLAM is making waves as one of the first UK institutions to make significant investing calls at what is increasingly seen as the cyclical bottom of the market; it was revealed as the investor about to close the acquisition of a £300 mln, 50% stake in large UK shopping centre Centre:MK.
We also track the new lending deals and four funds in the market.
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