Spanish real estate group Habitat is to dispose of EUR 545 mln worth of properties by the end of 2008 as part of an agreement reached with its creditor banks. Last year, the company borrowed EUR 1.74 bn to fund the takeover of its peer Ferrovial. Habitat said it has already sold EUR 150 mln of property this year and it hopes to sell another EUR 295 mln by the end of 2007.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
