Llanera acquires Reva for EUR 300 mln

Spanish real estate Llanera group has acquired Reva, a Belgium utility and real estate company active in Valencia in Southern Spain. The acquisition will provide Llanera with a 45,000 m[sup]2[/sup] industrial area and 9 million m[sup]2[/sup] of agricultural land, the website Cincodias reported. Llanera said that the assets are valued around EUR 300 mln according to an estimate by the international property advisor CB Richard Ellis.

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