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Blackstone & Santander Expect Quasar’s Turnover to Exceed €1 Billion in 2022

In 2022, the company could record its best results in its five-year history after reducing its losses by 83% in 2021 compared to 2020.

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Project Quasar Investments 2017, the joint venture created by Blackstone and Santander to absorb the real estate properties owned by Banco Popular, expects to close this year with record figures and a turnover of more than 1 billion euros.

According to Cinco Días, the firm expects to end the year with a turnover of 1.077 billion euros, according to the consolidated accounts filed with the Mercantile Registry. That figure contrasts with the 788 million euros it billed in 2021, which was, in turn, just over 5% lower than in 2020.

Read the full article in Spanish.


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