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.

Adds eight executives to its global executive committee, bringing the total to 21.

The budget of the operation amounts to €5,700,000 excluding VAT and will be financed from the resources of the RRF.

At the operating profitability level, Q1 2023 Group consolidated operating result (EBITDA) amounted to €8.0m profit

The complex offers a leasable area of approximately 4,676 sq.m in 30 apartments and 18 two-story houses.

The Casa Cook and Cook’s Club brands feature 16 franchised properties across prime sun and beach locations in the Mediterranean and Red Sea.

Fixed income is now the most popular source of diversification.

The property is strategically located in Combs-la-Ville, a prime logistics hub only 35 kilometres south of Paris.