US private equity firm Colony Capital is negotiating the acquisition of real estate assets owned by debt-laden Spanish property company Colonial, newspaper Cinco Dias reported on Thursday. According to the paper, Colony Capital is mainly interested in Colonial's 15% stake in construction firm Fomento de Construcciones y Contratas, but the private investor has also approached the Spanish property group with regards to its shopping centre unit, Riofisa, as well as the company's 84% stake in French unit Societe Fonciere Lyonnaise (SFL).
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