Hadley sells housing portfolio for more than €55M

Hadley sells housing portfolio for more than €55M

This deal was first reveled in December 2020 but at that time it was still lacking of the approval of the company’s Shareholders’ General Assembly. And now according to what Hadley advanced in a release sent to BME Growth, the sale is concluded, to an undisclosed entity.

Newspaper Expansión knows that Sardes HoldCo, S.L.U. controls 391 dwellings spread across 9 buildings located in Madrid and other Spanish cities. The operation was advised by CBRE.

This operation marks REIT Hadley’s return to the Spanish investment market after more than 2 years without any registered operations. The last operation identified by Iberian Property Data was the sale of a 587 sqm commercial space in Pamplona for around 7.8 million euro in April 2018.

Hadley's strategy is based on exploring investment opportunities in the Spanish real estate market, being focused on the acquisition, leasing and management of the residential, office and commercial properties in Spain.

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