Radar > 241086

US-based funds to bid for logistics assets of El Corte Inglés

Fondos estadounidenses podrían pujar por activos logísticos de El Corte Inglés

Intel ID : 241086
Synopsis

Blackstone (NYSE:BX), CBRE Global Investors, and TPG-Axon Partners, US-based investment funds, could submit a bid to acquire the logistics portfolio of El Corte Inglés, reported Expansion on 29 September 2016, citing sources familiar.

According to the report, the portfolio is comprised of 33 stores and distribution centers, three land plots, and a project in Madrid, which could be worth between EUR 250m and EUR 300m.

Moreover, Merlin Properties (BME:MRL) may have also shown interest in the assets.
(content in spanish)

Los fondos de inversión estadounidenses Blackstone (NYSE: BX), CBRE Global Investors y TPG - Axon Partners podrían presentar una oferta para adquirir la cartera logística de El Corte Inglés, según ha informado Expansión el 29 de septiembre de 2016, basándose en fuentes consultadas por el propio medio.

En concreto, la cartera estaría formada por 33 almacenes y centros de distribución, tres terrenos y un proyecto en Madrid, que podrían rondar entre los EUR 250m y los EUR 300m.

Además, Merlin Properties (BME: MRL) también podría haber mostrado su interés por estos activos.

Seller

El Corte Inglés
Spain

Advisors

prospect

Intel ID 241086
Value ND
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
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

Bidder

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

Bidder

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

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Distribution and Retail (Primary)
Services and Distribution / Tourism, Hotels and Restaurants
Primary Sector (TTRSC)
15.05.11 Multiline Retail (Department, Discount & Convenience Stores)
15 Consumer Products & Services / 15.05 Distribution & Retail

Country
Website
Description

Financial Advisory

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.