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Cerberus Breaks Off its Negotiations with Centricus and Puts Haya Real Estate Up For Sale Again

After more than a year of exclusive negotiations, the current owner of Haya Real Estate has broken off talks with Centricus for the acquisition of the servicer.

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After more than a year of exclusive negotiations, Cerberus – the current owner of Haya Real Estate – has broken off its talks with Centricus regarding the purchase of the servicer. The fund has decided to consider other offers and is trying to relaunch the sale process, according to Cinco Días.

After the unsuccessful attempt to list the banks’ property manager for more than €1 billion in 2018, Cerberus, which has grouped together the property management companies of Bankia and Liberbank, amongst others, into Haya Real Estate, then decided to try its luck with a private sale.

Read the full article in Spanish.

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