6 December 2017 – Expansión
Oaktree Capital Group and Apollo Global Management also submitted bids for the property developer.
The US private equity firm Bain Capital has completed the purchase of the Catalan property developer Habitat Inmobiliaria for €220 million, according to reports by a source close to the operation, speaking to Efe-Dow Jones.
The US investment companies Oaktree Capital Group and Apollo Group Management also submitted bids for the property developer, worth between €200 million and €250 million, according to the same source.
Created in 1953, Habitat Inmobiliaria has built more than 60,000 homes during its lifetime, according to figures published by the company itself.
Moreover, it has a portfolio of land measuring 2.5 million m2, worth €189.7 million.
The objective of the company is to hand over more than 2,000 homes between now and 2021. Its property developments are located in Madrid, Cataluña, the Canary Islands, Andalucía and the Community of Valencia.
Original story: Expansión
Translation: Carmel Drake