Spanish construction group FCC and lender Bankia are seeking to sell their controlling stake in property firm Realia, according to Spanish news reports.
Spanish construction group FCC and lender Bankia are seeking to sell their controlling stake in property firm Realia, according to Spanish news reports.
FCC and Bankia own a combined 58% stake in Realia, which has a market value of €200 mln.
The Madrid-based real estate firm owns offices and shopping centres in Spain and Paris, including one of Madrid's landmark leaning towers in the business district.
According to Spanish newspapers, US investment firms Cerberus Capital Management and Centerbridge have already shown interest in the acquisition.
Earlier this year, construction firm Sacyr said it was ready to sell its real estate business Vallehermoso for a symbolic amount to get rid of the unit's €1.2 bn of debt.
Vallehermoso's portfolio consists largely of undeveloped land.
Meanwhile, Inmobiliaria Colonial - once Spain's largest property company - is said to be considering a sale of its stake in Sociétè Foncière Lyonnaise, a French real estate investment trust.
