Sanahujas sell EUR 200m of assets to Metrovacesa - report

The Sanahujas, the troubled Spanish family which last year was forced to swap debt for a 65% stake in Metrovacesa, has sold around EUR 200 mln of property assets to the Madrid-based property company through its Sacreasa holding unit. According to Spanish news agency EFE, the transaction was aimed at repaying loans agreed in the past years with the property company. The family is said to have sold landmark assets including the Finestrelles project as well as the Las Arenas shopping centre in Barcelona.

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