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Ktesios Acquires Loan From Cerberus and Brings in New Shareholders

Ktesios, which has just completed an expansion to buy more assets, has secured the assignment of a mortgage loan in the foreclosure process, secured by residential properties valued at €3.5 million.

Henry gallego ceo socimi ktesios
Henry Gallego, President and CEO of Ktesios

The Spanish socimi Ktesios Real Estate, managed by the real estate consultancy RKS-AM, has finalised the assignment of a mortgage loan in the process of execution, for a value of 1.25 million euros and linked to assets in the province of Valencia.

The loan comes from the US investment fund Cerberus, the company told Brainsre.news.

Specifically, the loan is secured by 12 homes with garages and storage rooms, with a market value of more than 3.5 million euros, located in the Valencian town of Moncada, in the region of L’Horta Nord.

With this transaction, Ktesios, which specialises in rentals in small municipalities, is making progress in its 2021-2025 strategic plan, following its IPO in Lisbon at the beginning of June and the recent capital increase to acquire more assets.

Read the full article in Spanish

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