8 October 2019 – While the Spanish company El Corte Inglés is one of the biggest retailers in the world, it is also one of the large owners of real estate in Spain. The firm has assets valued at more than €17 billion. The retailer has given up on a plan, called Operation Green, that the consultancy PwC had designed for the portfolio. Instead, it is now planning on channelling the assets through a new real estate subsidiary, El Corte Inglés Real Estate.
Original Story: El Confidencial – Ruth Ugalde
Adaptation/Translation: Richard D. K. Turner