Transaction / Assets Seller Buyer € MM
Lone Star Acquires Neinor And Real Estate Assets From Kutxabank
15 December 2014 – The Corner
The purchase of large swathes of Spanish land by US hedge fund Lone Star is further compelling evidence that the Spanish property market is staging a recovery. This investment signifies that the improvement in the market will soon be seen in the residential sector, having previously been confined to the retail and commercial markets.
Earlier this month, Lone Star bought the property management arm Neinor from the Spanish lender Kutxabank, as well as around half of the bank’s real estate assets for €930 million.
Original story: The Corner
Edited by: Carmel Drake