Radar > 234304

Vocento could resume sale of real estate assets

Vocento podría retomar la venta de su patrimonio inmobiliario

Intel ID : 234304
Synopsis

Vocento (BME: VOC) could sell its real estate assets throughout this year, as published by El Confidencial on 29 February 2016, citing its CEO, Luis Enriquez.

Luis Enriquez said, at the last meeting with analysts, that the goal is to close the main sales this year, although another large part of its portfolio does not have a fixed schedule. Vocento's real estate portfolio includes the headquarters of newspaper ABC in Madrid and corporate offices of the group, as well as 365 parking spaces and an adjoining plot with a building area of ​​9,600 m2. Vocento also has spaces available in Bilbao, San Sebastian, Valladolid, Gijón and Pozuelo de Alarcón, according to real estate sources. The minimum price for the headquarters and the adjacent land, the group is asking for a minimum price of EUR 40m.

In June 2015, the group rejected two bids submitted by REIT Hispania and by joint venture between Renta Corporación and Kennedy Wilson.
(content in spanish)

Vocento (BME: VOC) podría vender su patrimonio inmobiliario a lo largo de este año, según ha publicado El Confidencial el 29 de febrero de 2016, basándose en las declaraciones del consejero delegado del grupo, Luis Enríquez.

Luis Enríquez reconoció en la última reunión con analistas que el objetivo es cerrar las principales ventas este mismo año, aunque otra gran parte de la cartera no tiene un calendario fijo. La cartera inmobiliaria de Vocento incluye la sede del diario ABC en Madrid y las oficinas corporativas del grupo, así como un parking de 365 plazas y un solar adjunto con una edificabilidad de 9.600 m2. Vocento también cuenta con espacios disponibles en Bilbao, San Sebastián, Valladolid, Gijón y Pozuelo de Alarcón, según fuentes inmobiliarias. Solamente por la sede y el terreno que tiene al lado, el grupo está pidiendo un precio mínimo de EUR 40m.

En junio de 2015, el grupo ya rechazó dos ofertas presentadas por la socimi Hispania y por la joint venture formada por Renta Corporación y Kennedy Wilson.

Seller

Vocento
Spain

Advisors

prospect

Intel ID 234304
Value EUR 40,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - Vocento
(31 Dec 2023)
Revenue: EUR 362,37m
EBITDA: EUR 36,16m
Net Debt: EUR 33,89m
People: 3012
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Tags

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Media, Multimedia and Editorial (Primary)
Primary Sector (TTRSC)
45.03.02 Newspaper Publishing
45 Media, Entertainment & Information Services / 45.03 Publishing

Secondary Sectors (TTRSC)
45.03.03 Trade Journal & Magazine Publishing
45 Media, Entertainment & Information Services / 45.03 Publishing

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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.