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Vukile’s subsidiary acquires 22% stake in a fellow Spanish Reit

By:  
Creamer Media Reporter
 
PROPERTY
JSE-listed Vukile Property Fund’s 88%-held Madrid-listed subsidiary, Castellana Properties Socimi, has acquired a 21.7% shareholding in its market peer Lar España Real Estate Socimi. The transaction, valued at about €100-million, represents an investment with outstanding synergies, posits Vukile in a statement.
 
 
 
 
 

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