The sale of Via Monte Napoleone 8 marks the largest-ever single asset real estate sale by Blackstone in Europe.
Total European hotel investment volume for the year finished 19% below 2022 according to the "HVS European Hotel Transaction" report of HVS.
Union Investment was advised on the transaction by JLL and Linklaters Stockholm.
The much-needed new space will be delivered across two units of 200,000 sq ft and 140,000 sq ft, respectively.
ECB's Annual Report on supervisory activities 2023 unveiled that a material share of CRE loans are structured as bullet or balloon loans.
In the EU, in the fourth quarter of 2023 compared with the same quarter of the previous year, the costs of hourly wages & salaries increased by 3.8%
The historic building, known as Alte Malzerei (Old Malthouse), features imposing 19th-century architecture and is excellently located in Munich’s city centre.
The acquisition price is €97 million.
The estimated budget for the construction of 75 sqm residences, which will cover an area of 700+ sqm, is approximately 1,400,000 euros.
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The Tripoli Courthouse, a two-story structure with a basement, was originally constructed around 1930.
