Radar > 241040

Muscari Property to acquire Torre Foster

Muscari Property podría comprar la Torre Foster

Intel ID : 241040
Synopsis

Muscari Property, a Netherlands-based real estate asset manager, may exercise a purchase option to acquire Torre Foster, also known as Torre Cepsa, owned by Spain-based Bankia (BME:BKIA), reported Cinco Días on 27 September 2016, citing sources familiar with the transaction.

According to the report, Muscari Property could exercise a purchase option through a EUR 400m credit granted by Bankinter (BME:BKT), to later sell the building to Pontegadea, a Spain-based real estate company owned by Amancio Ortega.
(content in spanish)

Muscari Property, empresa holandesa dedicada a la gestión de activos inmobiliarios, podría ejecutar la opción de compra sobre la Torre Foster, también conocida como Torre Cepsa, propiedad de la entidad española Bankia (BME: BKIA), según ha informado Cinco Días el 27 de septiembre de 2016, basándose en fuentes conocedoras de la operación.

Según dichas fuentes, Muscari Property podría ejercer la opción de compra a través de un crédito de EUR 400m concedido por Bankinter (BME: BKT), con el objetivo posterior de vender el inmueble a Pontegadea, inmobiliaria española propiedad de Amancio Ortega.

Bidder

Target

Financing Bank

Seller


Intel ID 241040
Value EUR 400,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - Torre Foster
(31 Dec 2022)
Revenue: EUR 171,00m
EBITDA: EUR 125,00m
Net Debt: EUR 2.634,00m
People: 23
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

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

Target

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Description

Financing Bank

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) 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.