Rob Horgan
SPAIN’S largest real estate company, Merlin Properties, is expanding its portfolio.
In a deal worth €1.79 billion, Spanish builder Sacyr has agreed to sell property management company Testa to the realty giant.
The sale will ease the financial strain currently threatening Sacyr and is a further example of Merlin Properties’ continued growth.
Last year, the company bought up €1.2 billion worth of BBVA bank branches.
