Perry Capital instructs Allen & Overy on sale of Axiare stake

Perry Capital instructed Allen & Overy on the sale of a 15 per cent stake in Spanish real estate investment trust Axiare Patrimonio SOCIMI to Colonial.

 

Colonial was advised by Ramón y Cajal on the deal.

Colonial bought 10,846,541 shares in Axiare for 12.5 euros ($14.0) per share.

The transaction was valued at a total €135 million.

In the first half of 2016, Axiare increased profits by 168 per cent year-on-year. Profits for the period totalled €83.8 million, while rental income climbed 27.6 per cent to €19.9 million.

Perry Capital instructs Allen & Overy on sale of Axiare stake

Ben Cook

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram