Friday, August 14, 2020
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Sabadell and Chenavari Receive Offers For Their Portfolios With Discounts of Up To 50%

The sale of the first two portfolios post-Covid in Spain reflects the fears of the international funds, which are making offers with average discounts of 20%.

One of Chenavari’s buildings in Barcelona.

The first processes involving the sale of real estate assets post-Covid-19 are beginning to reveal what investors believe the impact of the crisis has been on the Spanish property market.

The offers that have been made for two of the most high-profile sales since the outbreak of the pandemic reflect discounts of between 15% and 25% on their pre-Covid prices. In some cases, the discounts reach 50%. Such is the case of the sale of Chenavari’s entire portfolio in Spain, as well as a 300 million euro loan portfolio being sold by Banco Sabadell, according to El Confidencial.

Read the full article in Spanish.

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