Group HNA invests €10M in REIT Inbest Prime IV Inmuebles

Group HNA invests €10M in REIT Inbest Prime IV Inmuebles

La Liga’s headquarters, Madrid - Photo Credits of Google Maps

Each share cost 1 euro and this acquisition represents 27,28% of the REIT’s capital, the company reported to the Mercado Alternativo Bursátil, where it has been listed since July.

Cobililac decided to sell part of its shares in Inbest. This process also involved LD Activos – partly owned by Linea Directa Aseguradora – which paid 2 million euro for 2 million shares, reaching a 13.64% share of the REIT; and Finmaser Diversificación which paid 2.25 million euro for 13.65% of the shares.

Despite this divestment process, Cobililac remains the REIT’s largest shareholder – with 27,96% of the shares. With the more than 14 million euro now collected, the company should invest in a new investment vehicle, the Inbest Prime Assets II.

Of all the new investors, only group HNA should take a seat at the REIT’s board, it can be read in the document.

The same group went back to real estate this year. In February, it closed the purchase of the office building which now is La Liga’s headquarters in Madrid. And in October, it acquired a logistic area in Guadalajara for more than 10 million euro.

Inbest – which besides this one, has already listed 3 other REITs on MAB – announced, during the Summer, its 130 million euro investment plan which will focus on several markets, including Barcelona, Madrid, Valencia and Seville.

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