Soros, Paulson buy stake in Spanish Reit

[MADRID] Hedge fund managers George Soros and John Paulson have both taken a 92 million euro (S$160.6 million) stake in a new Spanish property investment vehicle called Hispania, the Financial Times reported citing sources close to the deal.

Hispania, created by Spanish-based private investment firm Azora, last week announced plans to list on the stock exchange and launch a share offering in order to raise 500 million euros from qualified investors. It will operate as a real estate investment trust (Reit) - listed vehicles that typically invest in income-producing assets, such as rental properties. Azora, Mr Soro…