Tag: Orion European Real Estate

Russian Ex-Politician Viktor Khristenko Buys €10-Million Mansion in Sotogrande

28 October 2019 – Viktor Khristenko, the owner of three exclusive golf courses in Moscow and St. Petersburg and who acquired the San Roque Club in Sotogrande this year, has bought a mansion in the area with his wife. The residence is one of six mansions that make up the El Mirador residential complex, in the exclusive ​​La Reserva, which is owned by Sotogrande SA.

The French fund Orion European Real Estate acquired Sotogrande in 2014 from NH. Sotogrande has already sold three of the six luxury homes, while another, which is still under construction, is reserved. The homes, which were designed by the ARK architectural studio, go for approximately 10 million euros each.

The ex-politician’s firm, Golf Estates, is considering a potential alliance with Orion, which has traditionally invested in Spanish shopping centres, such as the Plenilunio, in Madrid, and the Puerto Venecia in Zaragoza.

Original Story: El Confidencial

Adaptation/Translation: Richard D. K. Turner

Orion Becomes Neinor’s 2nd Largest Shareholder with an 11.1% Stake

29 May 2019 – Eje Prime

The French fund Orion European Real Estate has doubled its stake in Neinor Homes in just two months to 11.1%, despite the profit warning issued by the property developer in April.

As such, Orion is now Neinor’s second-largest shareholder, after the Israeli fund Adar Capital, which owns 28.7% of the shares. Other shareholders include Bank of Montreal (5.2%), Julius Baer (6.2%) and King Street Capital (4.1%).

Based on the current share price, Orion’s package of 8.8 million shares in Neinor is worth €95 million.

Original story: Eje Prime 

Translation/Summary: Carmel Drake