Wednesday, October 28, 2020
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Sabadell Evaluates the Sale of a Portfolio containing 1,000 Doubtful Loans

The Catalan bank is looking to sell a portfolio of problematic assets despite the market downturn and is evaluating the divestment of 1,000 delinquent SME loans.

Banco Sabadell wants to lead the exit from lockdown in the market for toxic asset portfolios. The entity chaired by Josep Oliu has started to sound out international investors regarding the sale of a package of delinquent SME loans worth €300 million, as part of Project Explorer, according to El Confidencial.

This is the first operation of its kind to be considered in Spain and one of the first in Europe since the outbreak of the Covid-19 crisis. Sabadell believes that there is interest in the market for this type of asset, although it will hold off if that turns out not to be the case.

B-Exclusives

Which is the Most Dynamic Neighbourhood in Madrid Post Covid?

Tetuán has become one of the most sought-after neighbourhoods in Madrid capital, thanks to its competitive prices and the emergence of new projects. However, coronavirus is weighing down on the market, especially when it comes to rental properties.

Property Developers Expect to Handover 20,500 New Homes Before 2021

In the three remaining months of the year, property developers expect to finish 20,551 homes in Spain, distributed across 1,061 developments, several of which will comprise hundreds of units.

The Aging Spanish Population: a Gold Mine for the Real Estate Sector

By 2050, 31.4% of the population in Spain will be aged over 64 years due to aging and a longer life expectancy. The supply of nursing homes for the elderly will need to double its capacity to keep pace.

The Housing Market and the Spanish Population: Where Will We Need Houses in 2035?

According to data from INE, over the next 15 years, Spain will gain 954,497 inhabitants, which will represent a population increase of 2%, with decreases in 9 autonomous regions and increases in 8 and a significant impact in terms of the foreign population in Spain.

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Santander Creates a New Real Estate Servicer for Non-Performing Assets

The bank chaired by Ana Botín has launched a non-performing asset management platform (for NPLs and foreclosed homes) that will also render services to third parties.

Alquiler Seguro AM Undertakes a Capital Increase as its Business Booms

The company controlled by the Enacom group has completed a capital increase worth 673,990 euros, after closing 2019 with negative equity.

Hotel Owners in Ibiza Put 30 of Their Properties Up For Sale, Including Several 5-Star Establishments

Around thirty aparthotels, hostels and hotels with three- to five-star ratings located on the Balearic Island are currently up for sale on various real estate portals.