Real estate company Merlin Properties expands its portfolio

In a deal worth €1.79 billion, Spanish builder Sacyr has agreed to sell property management company Testa to Spain's biggest real estate firm

LAST UPDATED: 30 Jun, 2015 @ 19:46
0
SHARE

MerlinSPAIN’S largest real estate company, Merlin Properties, is expanding its portfolio.

In a deal worth €1.79 billion, Spanish builder Sacyr has agreed to sell property management company Testa to the realty giant.

The sale will ease the financial strain currently threatening Sacyr and is a further example of Merlin Properties’ continued growth.

Last year, the company bought up €1.2 billion worth of BBVA bank branches.

BE THE FIRST TO COMMENT...

The Olive Press are not responsible and do not moderate individual comments before they are posted. Anyone who uses racist, sexist, homophobic or xenophobic language or hate speech will be blocked.

HAVE YOUR SAY...