Located in the elite area of Madrid Goya street between Lagasca and Velázquez, Realia (see quote) just purchased an office building por27 million. In principle, this operation would be framed simply in the growing list of real estate transactions being carried out in the best areas of Madrid and Barcelona. However, it has a connotation that makes it different.
This acquisition comes amid public-offer of acquisition-opa has presented Hispania on Realia to take over the entire estate. Therefore, if this operation comes to fruition, the REIT managed by Azora happen to also be behind the number 29 Calle Goya, another jewel to add to its growing list of assets.
However, you must share the limelight with Hermanos Revilla, because this society is one that has performed the operation. In it, Realia is the main indirect shareholder, since besides the 9.5% stake directly, controls another 51% through Planigesa, entity in which has 76% of the capital.
The other 39.5% of the company is owned by the Revilla family, whose patriarch Industrial saga, Emiliano, was kidnapped by the terrorist group ETA in 1988. Father of three children, Antonio, Margarita and Carmen, the first is the director of effective investments Hermanos Revilla and has been who has negotiated the purchase of Goya, 29, according to market sources confirmed.
In fact, although Realia indirectly holds a controlling stake in the company from Planigesa and its president, Ignacio Bayon, occupy the same chair in the branch, the executive branch of the company is Antonio Revilla. Market sources say that this has always been managed with great autonomy and has addressed this with its own treasury, which at the end of 2013, the last full year to official figures, amounted to 48.7 million euros.
These arguments explain that Realia, property controlled in turn by FCC (see quote) and Bankia (see quote), performs an operation of this type in the middle of the offer launched by Hispania (see quote) is the Revilla family that holds the reins of the operation. The REIT managed by Sura has put on the table an offer that values each share of 0.49 euros in real estate, bringing the total to 157.7 million euros, compared to 0.59 in currently listed.