GE Real Estate in the Iberia Region


History and Key Figures
GE Real Estate's Iberian platform was established in 1998 in a Joint Venture with GMP. Together they purchased Renta Inmobiliaria, of which GE RE Iberia has 97.9278% stake. This partnership has grown stronger over the years with other investments in the Spanish market.

Starting in 1999, GE Real Estate made a joint venture equity investment with Amorim, a leading Portuguese Real Estate company in Lisbon. Since then we have continued to grow our presence in the Portuguese market.

November 2008
Vilarrodona

Forward Purchase contract for 6 Logistic Warehouses, a total of 110.000 Sq M, 80 Kms from Barcelona, adjacent to the Barcelona-Madrid Highway.
Total deal size: €79,600,000 - 100% GE Real Estate Acquisition.

October 2008
Ribarroja

Forward Purchase contract for a 44,000 Sq M warehouse, 12 Kms from Valencia.
Total deal size: €44,600,000 - 100% GE Real Estate Acquisition

July 2008
Purchase of loan

 

Purchase of loan with hotel to Credit Suisse, operated my Marriot chain in Mallorca 

March 2008
Meridian

Acquisition of a 24,000 Sq M & 18-storey office building next to Meridian Avenue, Barcelona
Total deal size: €50,000,000
- 100% GE Real Estate Acquisition 

January 2007
Landscape Portfolio

Acquisition of a mixed-used portfolio; office buildings and logistic units in Catalonia.
Total deal size: €650,000,000 - 100% GE Real Estate Acquisition.

November 2006
Barajas 1

Acquisition of office building to refurbish in Madrid. Asset Management also included.
Total deal size: €50,3500,000 - 90% GE Real Estate Acquisition 10% participation by GMP.

October 2006
Cortefiel portfolio

Acquisition of 1 office building for Cortefiel in JV - participation of 90% GE Real Estate and 10% GMP; 9 high-street retail units -100% GE, 2 warehouses and 2 plots of land for development (90% GE, 10% Coperfil ) totalling 107,414 sq meters.
Total deal size: €315,000,000 - GE Real Estate Acquisition in a Joint Offer with following partners: AXA Reim, GMP, Coperfil and Urbas.

October 2006
Aranjuez Sector 10 Development

Acquisition with Coperfil, a participation of 90% - GE RE Iberia and 10% Coperfil - 22,000 sq meters of land to build logistic units and small warehouses

October 2006
Aranjuez Sector 11 Development

Acquisition with Coperfil, land to build one logistic unit of 44,000 sq meters. Turnkey project. Total Deal size: €33.950.000

April 2006
El Arbol portfolio

Acquisition of 44 supermarkets/logistic units, rented to El Arbol supermarkets throughout the north of Spain.
Total deal size: €76.000.000 - 100% GE Real Estate Acquisition

April 2006
Panrico lease

Acquisition of office building and other warehouses rented to the seller in Madrid - 7,875 sq meters.
Total deal size: €15.000.000 - 100% GE Real Estate Acquisition

April 2006
Panrico Development

Acquisition of 14,998 sq meter land to build 30 small warehouses - 100% GE Real Estate Acquisition

March 2006
TG Plus

Acquisition of one logistic unit in Madrid.
Total deal size: €13,000,000 - 100% GE Real Estate Acquisition
February 2006
Albufera Shopping Center

Shopping center and Office building in Madrid.
Total deal size: €47,000,000 100% - GE Real Estate Acquisition 

December 2005
Fillatice

Acquisition of two logistic units and office buildings in Barcelona.
Total deal size: €12,000,000 - 100% GE Real Estate Acquisition

July 2005
Logista

Acquisition of one logistic unit in Madrid.
Total deal size: €7,500,000 - 100% GE Real Estate Acquisition

March 2005
Condesa de Venadito
Acquisition of Madrid office building in a JV with GMP.
Total deal size: €65,500,000 - 90% GE Real Estate acquisition with 10% participation by GMP.

GE Real Estate's Iberia Region Luchana 23 - 1st floor 28010 Madrid, Spain
Tel: ++34 91444 41 70 / Fax: +34 91444 37 38
Copyright General Electric Company 1997-2008

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