Monday, November 30, 2020

NPL & REO

Santander and Blackstone Put a Large Portfolio of Hotel Debt Up For Sale

Through their JV Quasar, the companies have launched the sale of a portfolio of loans from Banco Popular consisting of seven hotels and a shopping centre.

BBVA Promotes the Sale of Unnim’s Toxic Assets for €500 Million

The bank has launched Project Dakar to divest the last remaining unpaid loans that it inherited from the group of former savings banks (Manlleu, Sabadell and Terrassa), which it bought in 2012.

The Debt Market Will Grow by 70% to Reach €140 Billion, According to LEM Loan eMarket

The marketplace for mortgage debt predicts an increase in NPLs relating to commercial assets in 2021, which offer higher returns than residential ones.

Sabadell Sells a Portfolio of Toxic Assets to Tilden Park for €60 Million

The bank chaired by Josep Oliu is finalising the sale of a portfolio containing around 1,000 non-performing loans to SMEs with real estate guarantees, whose original combined appraisal value was 300 million euros.
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B-Exclusives

Rental Prices Fall by More Than 12% in Madrid and Barcelona, According to Brainsre

The coronavirus crisis is extending the time it takes for landlords to rent their homes in large Spanish capitals, with larger homes suffering a greater impact.

Madrid’s Salamanca Neighbourhood Resists Covid With No Price Decreases

The prices of commercial premises and homes for sale in the prestigious Madrid neighbourhood have remained stable; whilst the price of residential rental properties fell by 5% in the third quarter.

The Prices of New Homes Resist Covid and Continue to Rise

New build apartments in the Balearic Islands cost more than 580,000 euros on average; meanwhile, in Madrid, they cost 412,000 euros and in Castilla La-Mancha you can buy one for 122,147 euros.

The 22@ District, the Epicentre of Barcelona’s Real Estate Market

22@ is one of the most sought-after areas in Barcelona: large developers are building new residential projects and the district has the second highest prices for leasing office space in the city.

Top News

Brainsre.news: What Happened in April 2020?

The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.

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.

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.

The Impact of Coronavirus on the Spanish Real Estate Market, According to the Experts

Brainsre.news interviews five experts in the sector to find out what the effects of the pandemic have been, how investment will evolve, which assets are best positioned and what will happen if there is another outbreak.

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by the editor

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.

Brainsre.news: What Happened in April 2020?

The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.

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.