Reply To: Spanish property market 2007/2008 report discussion


Think it was this one (it’s the Dubai government, not a consortium):

The government of Dubai has made an offer to buy Inmobiliaria Colonial, a Spanish developer which has lost half its market value in six months, for about 3 billion euros ($4.5bn) in cash and bonds, reported Bloomberg. Investment Corp. of Dubai, which has about $82bn of assets, bid 1.85 euros for each Colonial share, which is 8.8% more than Wednesday’s closing share price.