Spain’s Real Estate Conquistador
July 19th, 2007 by Ines
Mogul Joaquín Rivero sets his sights on the rest of Europe. Is he overreaching?
In 1997, two years before the debut of the euro, few Europeans figured Spain had much chance of cutting its budget deficit enough to join the single currency on time. But one Spanish businessman disagreed. Joaquín Rivero, then a little-known property developer, acted on his belief by buying a controlling stake in Bami, an unprofitable real estate company.To read the whole text, click here.
- Posted in Spain, Europe real estate general information