Legendary value investor Seth Klarman’s Baupost Group is a part of the consortium that picked up seven Spanish shopping centers/galleries and a retail park in the port city of Alicante for €160 million. GreenOak Real Estate, a New York-based investment firm founded by former Morgan Stanley executives and headed by Chris Niehaus, is another member of the consortium. So is Grupo Lar, a Spanish company known as a property asset manager and investor with development skills.
Vastned, the seller of the properties, is a listed European retail property fund focused on premium shopping venues.
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