Shares of SBB were up 27% at 10 a.m. London time after Bloomberg reported the troubled Swedish property group had attracted interest from investors including Brookfield Asset Management.
The aggregate purchase consideration for the Acquisition is approximately €76.8 million.
The complex offers a leasable area of approximately 4,676 sq.m in 30 apartments and 18 two-story houses.
The lowest inflation in the eurozone is recorded in Luxembourg (2%), Belgium (2.7%), Spain (2.9%), Cyprus (3.6%) and Greece (4.1%).
On an annual basis, construction output shrank by 1.5% in the euro zone and by 1.2% in the EU.
Completion of the development is scheduled for the second quarter of 2025, coinciding with the opening of the future line 15 of the Grand Paris Express.
RICS's Global Commercial Property Monitor (GCPM) Q1 2023 report reveals a mixed picture.
The current passing rent is £7.30 per sq ft on average versus a £10.90 per sq ft estimated rental value (ERV).
This deal marks Blackbrook’s first investment in Germany, and the eighth market the firm has entered since its launch in 2020.