Tristan Capital Partners is reportedly in advanced negotiations to acquire a €500 mln office package from Spanish REIT Hispania.
Hispania, which is selling the assets as part of a strategic refocusing on hotel properties, had previously been in talks with Swiss Life REIM to divest the 24-property strong portfolio, but the sale collapsed due to the political crisis in Catalonia.
Hispania currently owns around €600 mln worth of office properties, including €475 mln in Madrid and €120 mln in Barcelona. It is looking to divest the entire package except for two buildings, the Uría Menéndez headquarters project and the Helios office project, both in the Spanish capital, according to Spanish press reports.
A Tristan spokesperson declined to comment on the rumours when contacted by PropertyEU.
CBRE and JLL are advising on the sale.
