Friday, August 14, 2020
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Nozar Puts a Plot Inside Madrid Nuevo Norte Up For Sale for €13 Million

NatWest, one of the main creditors of the property developer Nozar, which filed for bankruptcy more than a decade ago, has put a plot of land up for sale inside Madrid Nuevo Norte.

NatWest bank, one of the main creditors of the property developer Nozar, has taken advantage of the revaluation resulting from the definitive approval of the Madrid Nuevo Norte project to put a 9,000 square metre plot of land up for sale. The land is located inside the boundary of the Madrid Nuevo Norte project.

The bank, as heir of the Scottish bank Royal Bank of Scotland (RBS), is one of the main creditors of Nozar, the property developer owned by the Nozaleda family that filed for bankruptcy more than a decade ago, after going bankrupt in 2008, according to El Confidencial.  

Read the full article in Spanish.

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