Announced
Financials
Tags
Majority
Pending
Friendly
Spain
Private Equity
Private
real estate
Single Bidder
Other Specialty REITs
Acquisition
Domestic
Synopsis
Grupo La Finca, a company in meat industry and the majority owner of La Finca Global Assets, agreed to acquire an additional 38% stake in La Finca Global Assets, a real estate investment trust company, from Värde Partners, alternative investment firm, for $147m. “Through our partnership with GLF we have successfully implemented a series of value creation initiatives that have grown our investment and helped establish LFGA as a leading provider of office space in Madrid. LFGA has continued to perform well, despite the challenges facing the office sector, and we believe it is well-positioned to capitalize on the economic recovery when Spain emerges from the pandemic," Tim Mooney, Värde Partners Partner.
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