Competition is notified of the purchase of the Fidelidade portfolio

Competition is notified of the purchase of the Fidelidade portfolio

 

The CA was already notified on June 19 about the deal through which Apollo should purchase this set of properties. 70% of them have residential use, according to Negócios, source according to which the portuguese insurance company expects to get €400 million with the sale.

Three interested parties presented themselves to this purchase. In addition to Apollo, also Orion Capital Managers and Oaktree Capital Management made offers, but Apollo was the chosen one.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!