Deutsche Bank, Goldman Sachs and Inditex chairman Amancio Ortega have reportedly made bids for all or parts of the EUR 4 bn real estate portfolio that Spanish bank Santander put on the market this summer to fund its offer for Dutch peer ABN Amro.
Deutsche Bank, Goldman Sachs and Inditex chairman Amancio Ortega have reportedly made bids for all or parts of the EUR 4 bn real estate portfolio that Spanish bank Santander put on the market this summer to fund its offer for Dutch peer ABN Amro.
According to the Spanish financial newspaper Expansion, Amancio Ortega, owner of fashion retail chain giant Zara, has made offers, through his Pontegadea investment unit, for an office building in central Paseo de la Castellana and the current Santander headquarters in Boadilla del Monte. Deutsche Bank has bid for the entire portfolio. Last week, the newspaper reported GE Real Estate had approached Santander with offers for both the whole portfolio and specific lots.
The four parties will compete in the last round of the bid through an auction, Expansion said. Santander expects to book capital gains of EUR 1.4 bn from the sale-and-lease back transaction.