Cohen & Steers As Second Major Investor in Lar España Real Estate

18/03/2014 – El Mundo

The U.S. private equity fund, Cohen & Steers, has entered the social stake of Lar España Real Estate with a 7.448% holding that transformed it into the second main shareholder of the Socimi of Grupo Lar valued at €32.37 million (according to present market prices).

The New York-based firm by deed joins other shareholders, such as Pimco (12.5%), Franklin Templeton (6.37%), Marshall Wace (4.4%), Spanish firm Bestinver (4.1%), Ameriprise Financial (3.74%) and UBS (3.5%). Cohen & Steers holds a lot of  2.98 million securities of  Lar España Real Estate, according to data provided by the CNMV (the National Stock Exchange Commission in Spain).

Lar España debiuted on the Continuous Stock Market on March 5th (…) and 83% of it is held by the Pereda family. Basic target of the group is the real estate investment, first by buying tertiary property and then renting it. (…).



Original article: El Mundo (Europa Press)

Translation: AURA REE