TSX:BNCapital Markets
Brookfield’s €1b Fidere Deal Expands Madrid Housing And Valuation Debate
Brookfield (TSX:BN) has agreed to acquire Blackstone's Fidere residential portfolio in Spain.
The deal covers around 5,000 housing units across Madrid and is valued at over €1b.
This is Madrid's first real estate transaction above €1b since the Iran war began.
For investors tracking Brookfield at a share price of CA$56.93, this move adds a sizeable European residential component to an already diversified real assets platform. The stock has returned 3.6% over the past week and 21.1% over the...