The real estate asset and debt manager Haya Real Estate achieved a transaction volume of €1,242.7 million in the first half of 2021. As a result, it reported revenues of €94.5 million, 45% more than in the same period of the previous year.
EBITDA stood at €30 million, generating €49 million in cash at the end of the half-year. Looking ahead to the second half of the year, they expect improved business momentum, allowing them to maintain a sustainable adjusted EBITDA margin for the period. They also say they have very high expectations for the last quarter of the year.
A year ago, Haya’s owner, Cerberus, broke off negotiations with Centricus to buy the servicer in order to consider other offers. This came after they were unable to take it public in 2018.