Arcano Partners, through the company Arrendaments y Serveis Immobiliaris Asterion, has purchased from shareholder BlueMountain Luxembourg Holdings 1 around 83.3% of Optimum III Value-Added Residential for just over 22.7 million euros, as reported by the socimi to BME Growth.
Specifically, Arrendaments y Serveis Immobiliaris Asterion, 100% controlled by the vehicle Arcano Spanish Value Added Real Estate II, has acquired around 4.5 million shares, a package that corresponds to the entire stake that BlueMountain held until now in Optimum III, at a price of around 5.05 euros per share.
This transaction, which entails the obligation to make a purchase offer to the rest of the company's shareholders under the same conditions, represents an opportunity for Arcano to strengthen its portfolio of residential rental assets in Spain.
Arcano Partners is a firm with two decades of experience in financial advisory and asset management, and has two business areas: investment banking for companies in different sectors and alternative asset management for institutions and private banks.
In addition, Optimum III has announced that David Allan, Ashleigh Lyn and Ignacio Pigrau have resigned as directors of the socimi. At the same time, it has announced the appointments of Alejandro Adán, José María Camiña and Cristina Reina as new members of its board of directors.
