Hedge Funds Eye Spanish Residential Land Co.

Oct 4 2013 | 10:59am ET

Spanish construction company Sacyr is selling its property unit—and hedge funds are seen as the most likely buyers.

Sacyr put Vallehermoso up for sale on Tuesday. Reuters reports that it is drawing interest from hedge funds that are also seeking to buy the property-management division of Spain's capital-starved banks.

Sacyr, which merged with Vallehermosa 10 years ago, said in June that it had held talks about the sale with hedge funds and other companies.

Vallehermosa owns primarily undeveloped residential land.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note