OHLA - comment

OHLA needs to refinance its (€45m) share of the Canalejas gallery; we would have thought the existing lenders (Santander and CaixaBank) would be the ideal choice, but OHLA’s relationship with its banks has been poor, and a tender process is not a shock. The additional €10m being borrowed to invest in what is a fairly new centre suggests that capex was constrained while Mohari and OHLA were disputing valuations.

https://www.expansion.com/inmobiliario/mercado/2026/02/06/6984fc2d468aeb077c8b45a0.html