Reuters - September 29, 2009
Spanish construction-to-services group Ferrovial (FER.MC) said on Tuesday it had received various offers for its Madrid headquarters on a sale and leaseback arrangement.
The firm was considering the offers for the headquarters in Principe de Vergara, said a spokesman.
"Our core business is not property," he said. Ferrovial is an infrastructure company with operations in 48 countries in a range of sectors including construction, airport, toll road, and car park management and maintenance, and municipal services.
A source close to the deal said Ferrovial wanted about 43 million euros (USD 62.6m) for the building.
A number of Spanish companies, including banks Santander (SAN.MC), BBVA (BBVA.MC) and Pastor (PAS.MC), have sold buildings to raise liquidity, leasing them from the buyer.
Sphere: Related Content
Tuesday, September 29, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment