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Pontegadea Buys Spanish Bank Branch Portfolio
Pontegadea Group has acquired a portfolio of five bank branch units let to Banco Sabadell for €55 million. The properties, located in major Spanish cities including Barcelona and Madrid, were sold by ISC Freshwater Investment, advised by Moor Park Capital Partners. ISC Freshwater Investment acquired a €400 million portfolio of bank branches let to Banco Sabadell in April 2010.
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