Spanish property company Renta Corporacion has sold EUR 380 mln worth of property assets since the start of the year as part of an agreement with banks to refinance EUR 500 mln of long-term debt. The group, which posted a loss of EUR 111.5 mln in 2008, said its debt has almost halved to EUR 316 mln as a result of the operation, from EUR 695 mln at year-end.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
