• Transaction / Assets
    Dolce Vita Ovar
  • Seller
    Abanca
  • Buyer
    White Sand Capital
  • € MM
    8.7

White Sand Capital Set to Acquire Dolce Vita Ovar for €7.8 Million

24 September 2019 – The Spanish bank Abanca, which has €21.8 million in outstanding loans to the Dolce Vita Ovar shopping centre, is expected to accept a 7.8-million-euro offer for the asset from White Sand Capital.  The African investor Nathan Kirsh controls the investment firm. The proposal, which was 500,000 euros below the minimum stipulated bid, was the only sign of interest for the property. Dolce Vita Ovar was the result of a €33-million investment in 2007.

Original Story: Jornal de Negócios – Rui Neves

Photo: DR

Adaptation/Translation: Richard D. K. Turner

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