Spanish REIT, Trajano, up for sale

Majority shareholders of Trajano Iberia, are keen to hear offers for a potential sale of their stake in the Spanish REIT.

The management board has hired Credit Agricole’s Corporate and Investment Bank to carry out a formal prospecting of the investor market.

The property fund, which was listed in July 2015, is backed by Alicante-based businessmen Juan and Pedro Alcaraz (founders of Goldcar) who own a 10.55% stake through their holding company, Alcor.

Their portfolio is comprised of 5 assets valued at €326.5 million (2 shopping centres, 2 offices and a logistic platform in Zaragoza). The offices are located in Madrid’s Manoteras area and in the centre of Bilbao whilst the retail schemes are Alcalá Magna in Madrid and Nosso Shopping Douro in Portugal.

 

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