Private equity fund Blackstone and Banco Santander have injected 300 million euros in the property fund in which both have a stake. The alliance is a mix of societies under the umbrella of parent company Project Quasar Investments 2017, which includes what was previously Banco Popular’s real estate portfolio. Its gross assets are valued at 30 billion euros, with a net value of 10 billion.
The Blackstone Group has bought 16.56% of Hispania for 315,37 million euros from QP Capital Holdings Limited and QPB Holdings, owned by George Soros. It intends to make a full bid for the Spanish socimi.
Pan Che via Caixin |CBRE, the world’s largest commercial real estate services firm by revenue, said China’s official data on outbound direct investment (ODI) does not fully capture the overseas shopping pattern of Chinese companies, particularly those with assets and lending facilities offshore.
Mari Pinardo | Banco Santander reached an agreement on Tuesday to sell US private equity firm Blackstone a majority 51% stake in 30 billion euros of soured property assets and loans it inherited when it bought ailing lender Banco Popular in June.
MADRID | By Julia Pastor | Sareb would be preparing the selling of a portfolio valued at around €200M, which includes 38 houses located in Valencia and Andalucia, as well as a group of unfinished buildings.