Christie & Co advises on Mallorca lodge sale in cross-border deal

Christie Group’s advisory corporate affairs, Christie & Co, has suggested on a cross-border lodge sale in Mallorca, which seems to be a feather within the cap amid a changeable market.

The agency ranked as probably the most energetic lodge broking agent within the UK and the eurozone by transaction quantity final yr.

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The firm stated it had suggested the Austrian developer JP Immobilien on the sale of the 114-room Bikini Island & Mountain Port de Sóller lodge to Amundi Real Estate Italia, a part of considered one of Europe’s largest asset managers.

The deal adopted a focused advertising and marketing course of that drew curiosity from cross-border traders.

Christie & Co stated the transaction mirrored rising institutional urge for food for premium resort motels in locations with sturdy tourism and restricted scope for brand spanking new improvement.

Dan Prickett, Chief Executive of Christie Group plc, feedback: “We are delighted to have supported JP Immobilien on this landmark transaction, which demonstrates Christie & Co’s means to draw and join main institutional traders with high-quality hospitality belongings throughout Europe.

“The rising institutional curiosity in premium leisure locations presents enticing alternatives for our corporate affairs, and this transaction additional reinforces the energy of our cross-border community and the specialist experience we offer to purchasers.”