Monday, January 24, 2022

NPL & REO

Banco Santander & Blackstone Consider Refinancing Quasar

The real estate company created to take over Banco Popular's toxic assets has debt with Morgan Stanley and Deutsche Bank amounting to 7.3 billion euros.
Carmel Drake -

Haya is Awarded the Management of 6,400 REOs from Cerberus and the FROB

The contracts signed with Cerberus and the FROB have a nominal value of around 500 million euros.
Carmel Drake -
npl

Spain Has the Third-Highest NPL Level in Europe

The NPL ratio is 4.5%, higher than the European average. Banks have offloaded real estate assets worth more than 7 billion euros in 2021.
Richard D K Turner -
npl
NPLs

NPLs in Spain Now Total €83.1 Billion

Spain has the second-highest level of non-performing loans (NPLs) in Europe, behind just France.
Richard D K Turner -
NPLs
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Companies

Hotelbeds Receives a €430M Injection from 3 Funds to Head Off the Risk of Bankruptcy

Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.
Carmel Drake -

NPL & REO

Santander Explores How to Securitise NPLs Through Deva Capital

The entity has created the company Deva Capital as a vehicle to explore the purchase of damaged assets from financial institutions around the world, according to various financial sources consulted by the newspaper Expansión. Investment banking sources stress that Santander's subsidiary in Brazil already acquires these types of assets from the banks through its real estate servicer.
Carmel Drake -
Res. Rental

Residential Rental Prices Have Risen by 4.14% in Barcelona over the Last Year

The average price of rental housing in Barcelona reached 17.6 euros per square metre in the first quarter of 2020, well above the Spanish average of 10.2 euros per square metre.
Carmel Drake -
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