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Report: Owners seek over €500M for Spanish retail developer Neinver


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Report: Owners seek over €500M for Spanish retail developer Neinver

Spain's Losantos family tapped Crédit Suisse to look for potential buyers for retail property developer and manager Neinver, Business Immo reported, citing local newspaper Cinco Dias.

According to the Spanish publication, which cited financial and real estate sources familiar with the deal, the owners are selling the company for more than €500 million.

Neinver owns retail properties in France, Germany, Italy, Poland, Portugal, the Netherlands and the Czech Republic, in addition to its Spanish holdings, according to Business Immo. The company manages 600,000 square meters of retail space across nearly 2,000 stores, the report added.