Sale-and-leaseback deals are no longer confined to the UK and the US, they are also increasingly finding favour in Europe, claims Adolfo Ramírez-Escudero, capital markets executive director at CB Richard Ellis. Ramírez-Escudero was involved as advisor in the recent sale of Banco Santander’s EUR 1.9 bn headquarters to UK-based Propinvest which represents one of the biggest deals in Spain and one of the largest portfolio sales in Europe over the last two years. 'This is an example of how corporates can continue to grow their business in the current market,' he told PropertyEU in an interview this week.
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