Friday, July 04, 2008

Barclays Completes EUR 65 Million Sale Leaseback of 24 Properties in Spain

Property Week - July 2, 2008

Redevco, the Dutch property company, has bought 24 Barclays banks for €65m (£51.5m).

The 24 banks and commercial buildings have been bought on a purchase and leaseback basis with Barclays on long term leases. The properties are located in prime retail high streets in nine Spanish cities including Madrid, Barcelona, Seville, Málaga, Vigo and Alicante.

Jones Lang LaSalle acted as intermediary in the deal. Redevco is part of a stable of companies owned by the family that founded retailer C&A. Sphere: Related Content

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