UBS Increases Stakes in Hispania, Merlin REITs

9/12/2014 – Expansion

UBS Group has raised its share in Socimi (REIT) Merlin Properties (MRL) to 12.3 per cent, and the stake in Hispania (HIS) to 3.2 per cent. These hikes are worth 157 and 18.6 million euros respectively.

Precisely, UBS remains the majority shareholder of Merlin, holding 15.8 million of the Trust‘s shares. The Socimi went public on June 30th, coming down to history as the biggest initial public offering in Spain since July 2011 and the third-largest in Europe in the past 12 months.

Also, fund Marketfield Asset Management, Emanuel Friedman or Credit Suisse Group have their 10.6%, 5.2% and 4.8% shares in the REIT respectively.

Likewise, the entity increased its stake on Hispania Activos Inmobiliarios to 3.2 per cent, equivalent to 1.7 million shares.

This Socimi was listed on the stock exchange market on March 14th, gaining attention of such big-name investors as John Paulson (18.3%) and George Soros (16.7%). Furthermore, Pac Recovery Fund owns a 9.1% share, Tamerlane 5.9% and Credit Suisse 4.9%.

Currently, Hispania’s stock sells 1.05 per cent higher at 10.6 euros, and Merlin’s shares trade 0.25% up at 9.9 euros each.


Original story: Expansión 

Translation: AURA REE