Spain Property News

George Soros leads the way with Spanish real estate investment

by Mark Benson on March 3, 2014

George Soros leads the way with Spanish real estate investment

George Soros leads the way with Spanish real estate investment

While there are many new contenders to the throne of George Soros, the leading hedge fund manager for many years now, there is no doubt that investment by the great man himself can move markets. Indeed news that George Soros, as well as the world’s fourth ranked hedge fund manager John Paulson, has invested €92 million in Spanish real estate company Hispania Activos Inmobiliarios has certainly caught the eye of investors.

It would be wrong to suggest that the Spanish economy is on the verge of a strong recovery, it would be wrong to suggest that Spanish real estate is much sought after but there is no doubt that the downward pressure of the last three or four years is reducing. We must also remember that Spain is a vital element of the European Union economy and as such could never be allowed to fail. So why have the two hedge fund giants each taken a €92 million stake in a company which is not exactly world renowned? [click to continue…]

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