Alicia Koplowitz Joins Soros & Pimco And Invests €10 Mn in Lar & Hispania

12/06/2014 – El Confidencial

Not only great international names like George Soros or Pimco reverberate among stakeolders of Lar Real Estate and Hispania Activos Inmobiliarios, two real estate investment vehicles listed earlier this year. Also, businesswoman Alicia Koplowitz decided to commit part of her fortune to Socimis fever. Altogether, she invested nearly €10 million through her vehicle Morinvest in the two Spanish REITs.

The prestigious investors, George Soros and Bill Gross´s Pimco own stakes equal to 16% (in Hispania) and 12.5% (in Lar) respectively.

Koplowitz confessed that in the first quarter of 2014 her company held shares of Lar estimated at €5.37 million and of Hispania at €3.6 million. In relative terms, the first Socimi represents 1.6%, while the other 0.74% of the entire portfolio of Morinvest.

The businesswoman has also swapped bonds in FCC, company currently run by her sister Esther, for €2.9 million in direct shares (0.59% of the vehicle´s portolio). Apart from that, Koplowitz invested €1.5 million in Ferrovial and another half a million in Popular.


Original article: El Confidencial (by Ruth Ugalde)

Translation: AURA REE