Business Irish

Friday 23 June 2017

Abu Dhabi group seeks deal with Quinlan

Nick Webb

Nick Webb

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.

Sunday Independent

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