Spanish real estate company Realia is selling 5% of its French unit Sociedad SIIC to Garber Investments for EUR 35.7 mln. The stake is being sold at EUR 366 per share, compared to the EUR 300 per share Realia paid last year when it bought 87% of SIIC.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
