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IReit expands presence in Spain with acquisition from Tikehau

Published Fri, Aug 7, 2020 · 09:50 PM
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Singapore

IREIT Global on Friday proposed to buy the remaining 60 per cent interest in a Spanish office portfolio from asset manager Tikehau Capital for 47.8 million euros (S$77.4 million). This consideration, subject to post-completion adjustments, values the entire portfolio at 136.4 million euros.

The portfolio consists of four freehold multi-tenanted properties in Madrid and Barcelona and had been jointly acquired by IReit and Tikehau last December.

City Developments had extended a 32-million-euro…

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