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Lone Star to buy up to 500m euros of land in Spain to build homes

It's eyeing property in Madrid, Barcelona, Balearic Islands and coastal areas where stock is depleting


LONE Star Funds, the private-equity firm founded by billionaire John Grayken, will invest as much as 500 million euros (S$758 million) this year buying land for Spanish housing developments as demand picks up.

"Despite the glut of homes in Spain, there are areas where stock