Monday, August 10, 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

Madrid Backs Luxury Housing to Curb the “Suburb Effect” of the Pandemic

Moncloa and Chamberí overtake the neighbourhood of Salamanca as the districts with the most expensive new build homes in the capital, whilst in Moratalaz there are no new build homes on the market.

The Supreme Court Annuls the Requirement to Notify the Treasury about the Transfer of Housing for Tourist Use

The High Court has annulled the article that regulated the obligation to inform the Treasury about the transfer of housing for tourist use by applying a ruling from the European Court of Justice regarding Airbnb.

In Which Municipalities Do Britons in Spain Choose to Live?

More than 250,000 Britons reside in Spain, mainly in towns along the Mediterranean Coast where, in some cases, they outnumber the Spanish population.

A Dozen Property Developers Lead the Construction of Luxury New Homes on the Costa del Sol

High profile property developers, such as Aedas and ASG Homes, are sharing a leading role with local companies in an area where homes can cost more than one million euros.

Latest news

The CNMV Issues Alert Concerning Countries’ Restrictions on Spanish Tourism

The market regulator has issued a warning concerning potential adverse consequences that the new restrictions imposed by some countries on tourists travelling to Spain may cause.

New Logistics Buyers Snap Up More than Half a Billion Euros in Acquisitions Despite the Pandemic

In the months between April and June 2020, amid the pandemic lockdown, buyers completed purchases of logistics assets worth a total of 140 million euros. Buyers include funds such as Blackstone, Segro, Hines, Goodman and Nuveen.