Fidere Patrimonio Socimi, S.A. acquired Fidere Intermediacion y Patrimonios, S.L.U. from third parties and an institution connected with Fidere Patrimonio Socimi, S.A.
July 18, 2016
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Fidere Patrimonio Socimi, S.A. (BME:YFID) acquired Fidere Intermediacion y Patrimonios, S.L.U. (FIP) from third parties and an institution connected with Fidere Patrimonio Socimi, S.A. on July 14, 2016. The acquisition includes assumption of a loan obligation due by FIP in the sum of €6 million. The transaction was fully financed by means of a loan granted to Fidere Patrimonio Socimi, S.A. by its majority shareholder, Spanish Residential (REIT) Holdco, S.à r.l., for the sum of €1.6 million. Under the transaction, 70% of the FIP shares were acquired from third parties while the remaining 30% were acquired from the institution connected with Fidere Patrimonio Socimi, S.A. Alfonso Benavides, Juan Ignacio Guillén, Laura Fernández García, Laura Martín de Bustamante, María Pradillo, Andrés Berral, Carmen García-Renedo, Esperanza Sánchez-Minguet, Fernando Escribano, María Garay and Mónica Fernández of Clifford Chance LLP acted as legal advisors for Fidere Patrimonio SOCIMI.
Fidere Patrimonio Socimi, S.A. (BME:YFID) completed the acquisition of Fidere Intermediacion y Patrimonios, S.L.U. (FIP) from third parties and an institution connected with Fidere Patrimonio Socimi, S.A. on July 14, 2016.
Fidere Patrimonio SOCIMI SA is a Spain-based company engaged in the operation of real estate investment trust (REIT). The Company focuses on the acquisition, development and investment management of residential real estate assets for rental. The Company manages a portfolio of various housing units, primarily located in the metropolitan area of Madrid, Spain. The Company is indirectly controlled by Blackstone Real Estate Partners Europe IV LP through Spanish Residential Reit Holdco SARL.
Fidere Patrimonio Socimi, S.A. acquired Fidere Intermediacion y Patrimonios, S.L.U. from third parties and an institution connected with Fidere Patrimonio Socimi, S.A.