PARIS (Reuters) – French Klépierre announced Monday an agreement to acquire 100 100 from Plenilunio Madrid, held by an entity indirectly controlled entirely by the real estate fund Orion Capital Managers.
The selling price of facilities, 70,000 square meters, is set to a gross asset value of 375 million euros, said Klepierre a statement.
The company plans to finance its own funds, although it could use a mortgage financing of the transaction.
Klépierre, which expects Full Moon contribution about 21 million euros their gross annual revenues, provides for the sale to close before the end of March.
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