A report that Amancio Ortega, Spain's richest man, had purchased 11 buildings of Banco Santander's EUR 4 bn property portfolio for just under EUR 500 mln was dismissed as premature on Tuesday. According to reliable market sources, talks are still going on between Santander and the final bidders for parts of the portfolio.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
