Race to the purchase of Habitat enters the final straight

Race to the purchase of Habitat enters the final straight

Controlled since 2015 by Värde, Goldman Sachs and the Bank of America, among other shareholders, currently the company will be valued between €200 and €250 million. And the latest news indicate that Habitat will be able to announce the winner of the sale process in a few days, so that the transaction may be completed before the end of the year.

Irea is the company mandated by Habitat to guide the sale process, and it will also elect the best proposal to present to shareholders, according to the newspaper El Confidencial.

A successor of Ferrovial Inmobiliaria, for which it paid €2,200 million in 2006, in 2008 the Catalan developer was one of the great casualties of the real estate crisis that broke out in Spain, and presented the fourth largest creditors' competition in the country's history, with an approximate debt of €2,800 million.

In 2015, and after leaving the competition five years earlier, the real estate was controlled by a group of international funds that now concentrate 70% of the capital. Whoever buys the company will also earn one of the assets portfolio that includes one of the largest finalist land grants in Spain, valued at around €240 million, as well as other assets in Portugal and Hungary, where Habitat is also present.

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