Weekly data sheet: Distress is bright spot as Brookfield closes $17b real estate opportunity fund

As prices fall, Brookfield readies for distressed deals, closing one of the largest flagship global real estate funds this year.

Brookfield Strategic Real Estate Partners IV follows the close in the summer of Blackstone’s tenth global opportunity fund with $24 bn.

This week, US manager HighBrook closed on $632 mln (€612 mln) for its latest opportunity fund targeted at Northern Europe. Its head of Europe, Robert Giusti said the region offered: ‘compelling investment opportunities, especially as the recent market volatility begins to result in distressed and special situations.’

Two more debt funds are also raising capital.

In a quiet week for deals, a few stood out: residential giant Heimstaden bought into Allianz’s portfolio of German homes to rent, and a large Polish shopping centre traded.

On the debt market, Vonovia issued €1.5 bn of bonds to repay upcoming maturities, at coupons of 4.75% for 4.5-year money and 5% for 8-year.

We also track assets on the market and sales pulled.

Click here to access all the data.


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