ISC Freshwater Investment, an investor group advised by Moor Park Capital Partners, is seeking a buyer for a second portion of assets leased to Bank Sabadell and located largely in Madrid and Barcelona.
ISC Freshwater Investment, an investor group advised by Moor Park Capital Partners, is seeking a buyer for a second portion of assets leased to Bank Sabadell and located largely in Madrid and Barcelona.
ISC Freshwater Investment has mandated CB Richard Ellis and Cushman & Wakefield to manage the divestment of a EUR 90 mln portfolio consisting of 52 small units and bank branches occupied by the Catalan bank.
The process follows on the sale in December last year of a first EUR 55 mln portfolio of 48 assets to Pontegadea, the private investment firm of Inditex clothing retail founder Armancio Ortega.
'Given the market situation investors look for safe-haven assets offering shelter from inflation combined with a good profitability. This package of assets leased to Sabadell represents a very good opportunity to invest well,' said Miguel Fuster of CBRE.
ISC Freshwater is the investment vehicle through which Moor Park and other investors bought a portfolio of 378 Sabadell assets in April 2010 in a EUR 403 mln sale-and-leaseback transaction. ISC Freshwater is believed to be controlled by a number of real estate funds and institutional investors including Matterhorn Capital, the investment vehicle of property tycoons Anthony Lyons and Simon Conway, New York-based private equity firm Och Ziff and the Livingstone Brothers' London & Regional.
