Oaktree and Freo place 5 offices on the market for €160M

Oaktree and Freo place 5 offices on the market for €160M


The news is reported this Tuesday on Spanish newspaper El Economista’s print edition, which also reveals that this divestment strategy was given the go ahead, because of the interest several investors showed in this portfolio and have already sent purchasing propositions to both companies.

The deal should be closed this year and, according to the same newspaper, it will be advised by consultant CBRE.

Both Oaktree and Freo expect to obtain added value with the deal, since these buildings were recently refurbished.

These offices were acquired in 2017, along with 9 other assets, from bank BBVA for 180 million euro.

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