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Transactions - AUGUST 23, 2019

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Oaktree acquires Spanish developer for €882m

by Andrea Zander

U.S.-based Oaktree Capital Management has acquired Spanish developer Solvia Desarrollos Inmobiliarios (SDIN) Residential together with a portfolio of real estate assets from Iberian bank Banco Sabadell for €882 million ($978 million).

Solvia Desarrollos Inmobiliarios is the result of the split and transmission of the part of the assets of the company Solvia Servicios Inmobiliarios.

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