White Sand Capital offers €7.8M for Dolce Vita Ovar

White Sand Capital offers €7.8M for Dolce Vita Ovar

The shopping centre, which resulted from a 33 million euro investment in 2007, was placed on sale for 8.3 million euro. The deadline for the submission of bids to acquire the shopping centre expired last Friday, and the Swaziland billionaire group was the only bidder, according to Sportsforum, the society which owns the shopping centre.

According to an official source from the cabinet of the judicial administrative officer and according to Clearwater, since the offer was below the stipulated base value, the Sportsforum creditors committee will still have its say, but the adjudication should be given to White Sand Capital, reports newspaper Negócios.

Nathan Kirsh has businesses in almost all continents and in more than 30 American states, Australian real estate fund Abacus or Tower 42 in London, are among them.

Dolce Vita Ovar currently has as its mortgage creditor Spanish bank Abanca, inheritor of Novacaixagalicia’s operation, which in turn filed for the shopping centre’s bankruptcy last year, claiming credits of 28.1 million euro.

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