Regional News

Bain Capital buys Spain’s Habitat for 220 million

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The company aims to deliver more than 2,000 homes by 2021, and its promotions are distributed throughout Madrid, Catalonia, Canary Islands, Andalusia and Valencia.

New corporate operation before the end of the year

The US venture capital firm Bain Capital has closed the purchase of the Catalan property developer Habitat Inmobiliaria for 220 million, reported recently to Efe-Dow Jones, a source close to the operation.

For the real estate developer, valued at between €200 and €250 million, have also bid the American investment companies Oaktree Capital Group and Apollo Global Management, according to the same source.

Created in 1953, Habitat Inmobiliaria has developed more than 60,000 homes to date, according to company figures. In addition, it has 2.5 million square meters of floor area, valued at €189.7 million.

The company aims to deliver more than 2,000 homes by 2021, and its promotions are distributed throughout Madrid, Catalonia, the Canary Islands, Andalusia and the Valencian Community.

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