Spanish troubled property company Colonial said that it has raised EUR 1.043 bn from the sale of a 14.31% stake in construction group Fomento de Construcciones y Contratas (FCC) and a 30.56% interest in France's Societe Fonciere Lyonnaise. The capital will be used to pay down its EUR 7 bn of debt.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
