Radar > 226833

Fosun keen on Spanish real estate market

Fosun se interesa por la compra de activos inmobiliarios en España

Intel ID : 226833
Synopsis

China-based Fosun Property, held by Fosun (SEHK: 656), created its own structure in Spain to carry out real estate acquisitions, as reported by newspaper El Confidencial on 5 July 2015.

The company is looking at different investment options and may have contacted potential sellers.

In addition, Fosun Property reached an agreement with Resolution Group so that it will act as Fosun's exclusive investments manager and to search for value added properties in Europe, mainly in Spain. This agreement will entail creating a fund with EUR 800m.
(content in spanish)

La compañía china Fosun Property, perteneciente al grupo Fosun (SEHK: 656), ha creado su propia estructura en España para llevar a cabo adquisiciones de activos inmobilarios, según ha comunicado El Confidencial el 5 de julio de 2015.

La compañía podría estar sondeando diferentes opciones de inversión, y habría contactado ya con potenciales vendedores.

Además, Fosun Property ha alcanzado un acuerdo con Resolution Group para que ésta actúe como gestor exclusivo de inversiones de la compañía china y le ayude a entrar en proyectos inmobiliarios de valor añadido en Europa, con especial atención al mercado español. A este respecto, el acuerdo supondría también la creación de un fondo de EUR 800m.

Bidder

Ultimate Owner (Buyer)


Intel ID 226833
Value EUR 800,00m (Approx.)
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Country
Website
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Country
Website
Description

Ultimate Owner (Buyer)

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.