Logistic assets from El Corte Inglés on the market for €200M

Logistic assets from El Corte Inglés on the market for €200M

 

At the time the operation was handled by Morgan Stanley. It is now reactivated and the interested parties may present their proposals until next February. The assets are worth a total of 200 million euro, according to EjePrime.

El Corte Inglés intends to close this fiscal year with the closed sale, focusing on its new real estate plan. It has just hired PwC to review its real estate portfolio, where it identifies 130 assets with which it expects to make 2.000 million euro in order to reduce its debt.

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