Spain Property News

New IPO indicate bottom of Spanish real estate market?

by Mark Benson on June 13, 2014

New IPO indicate bottom of Spanish real estate market?

New IPO indicate bottom of Spanish real estate market?

Merlin Properties, a Spanish real estate investment trust, has today announced plans for a €1.5 billion flotation. If successful this would be Europe’s largest ever property IPO and most certainly indicate the bottom of the Spanish property market?

On the surface it would seem to be the wrong time to be floating a Spanish real estate investment trust but if you take a long-term view, perhaps this is the most opportune moment. The company has already gained committed funds of €600 million and the road show begins today to educate the investors of tomorrow. So, what can you expect from Europe’s largest property IPO and will it be a success? [click to continue…]

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