Reyal Urbis hires JLL to sell property

Spanish cash-strapped property company Reyal Urbis has appointed Jones Lang LaSalle to manage the disposal of two properties worth a combined EUR 100 mln, according to sources close to the process. The assets consist of an office building in a secondary location as well as a business park near Madrid worth some EUR 70 mln. The office property has a two-year rental contract and is valued at around EUR 30 mln.

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