trending Market Intelligence /marketintelligence/en/news-insights/trending/pr_LX00ALF-lrJ1fQsP0ZA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

IREIT Global JV to buy 4 Spanish office buildings for €133.8M

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


IREIT Global JV to buy 4 Spanish office buildings for €133.8M

IREIT Global has partnered with Tikehau Capital and City Developments Ltd. to purchase a portfolio of four freehold office buildings in Spain for €133.8 million.

IREIT and Tikehau Capital will enter into a joint venture, holding stakes of 40% and 60%, respectively, to acquire the portfolio, according to a Dec. 7 filing.

Under the terms of the joint venture, Tikehau Capital will grant IREIT a call option to acquire its 60% stake, while City Developments has shown its commitment and support by extending a bridging loan to finance IREIT’s investment.

The agreed property value represents a discount of 3.3% to the aggregate valuation of €138.3 million by independent valuer Cushman & Wakefield Spain Ltd

Tenants leased to the buildings in Barcelona and Madrid include Clece, Digitex, Gesif, Catalan Media Corp., Coca-Cola European Partners, DXC Technology and Roche.