Spanish property developer Llanera has said it is renegotiating a EUR 150 mln loan it secured from Lehman Brothers to partially finance the acquisition of Reva, a Belgium company that owned some 9 million m[sup]2[/sup] of rural land in Valencia. Last week Llanera, which is owned by the Gallego family, also said it was trying to refinance its EUR 304 mln debt with local creditors, Grupo Bancaja and CAM.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
