Abu Dhabi group seeks deal with Quinlan
Published 12/12/2010 | 05:00
ABU Dhabi investment company Aabar is thought to be in talks to buy into the Derek Quinlan-owned Banco Santander headquarters in Madrid, which is worth €2.3bn.
The firm is seeking to buy a €230m chunk of debt associated with Quinlan's purchase of the property, giving it the option of taking control of the complex at a future date.
Quinlan and his partner Glen Maud bought the complex in 2008. Quinlan's stake in London's €1bn Citigroup tower is also thought to be on the block.