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Sabadell Completes the Sale of its Property Developer SDIN to Oaktree with Profits of €21 Million

The operation has been in the pipeline for a little over a year, but its completion was paralysed due to the pandemic. The deal has generated a capital gain of 8 million euros.

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Banco Sabadell has finally sold its property developer, Solvia Desarrollos Inmobiliarios (SDIN) Residencial and a set of real estate assets, mostly land for urban development, to an entity controlled by funds managed by Oaktree Capital Management.

SDIN Residencial has already delivered more than 5,000 homes in cities across the country.

Read the full article in Spanish.

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