Merlin Properties : A new era begins with the announcement of the sale of the BBVA portfolio
>Exceptional sale of the TREE portfolio to BBVA for € 1.9bn - Merlin Properties is readying to sell its TREE portfolio of BBVA bank branches for € 1.9bn (yield equivalent of 4.0%):BBVA confirmed to Merlin on 1 April that it had agreed to acquire the branches with a premium of close to 17% to the value recorded on the balance sheet. This portfolio of 659 branches and 3 buildings leased to BBVA was at the origin of the creation of Merlin Properties in 2014. Today i...Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of a real estate investment trust (REIT). The Company focuses on the acquisition, management and rental of commercial properties located in the Iberian Peninsula, primarily in Spain. The Company's activities are divided into the following segments: Office buildings, operating a portfolio of office space; High-street retail, engaged in leasing retail stores; Shopping centers, engaged in managing department stores; Logistics, operating logistics warehouses and distribution centers, and Others. The Company's other activities include property management services rendered to third parties.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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