Metrovacesa in final talks to sell logistics unit
Metrovacesa is in advanced talks to sell its logistics unit Parques Empresariales Gran Europa, El Confidencial reported without citing sources. The Spanish property company expects to close a sale in the first quarter of 2016, the report said.
Metrovacesa received offers for the portfolio two weeks ago, the Spanish-language report went on to say. Among suitors, market sources named CBRE, GreenOak and Merlin Properties, El Confidencial said. The operation is expected to close at more than EUR 80m.
Metrovacesa holds 50% of Parques Empresariales Gran Europa and the entity Parques Intermodales Gran Europa holds the other 50%, the report said. Its assets were valued at EUR 94.9m in 2014.
El Confidencial