Tuesday, May 26, 2020
Home Companies Santander Exp...

Santander Explores How to Securitise NPLs Through Deva Capital

Banco Santander is creating a new company to securitise toxic assets.

The entity has created the company Deva Capital as a vehicle to explore the purchase of damaged assets from financial institutions around the world, according to various financial sources consulted by the newspaper Expansión. Investment banking sources stress that Santander’s subsidiary in Brazil already acquires these types of assets from the banks through its real estate servicer.

This would represent a major step-change in the NPL market, which in recent years has attracted interest from opportunistic funds because of the returns it offers. Official sources at Santander declined to comment on the reports.

 

- Advertisement -

B-Exclusives

What was Happening in the Housing Market in Spain Before Covid-19?

House prices in Spain grew slightly during the first quarter of 2020, whereby maintaining the upward trend registered over the last five years, although they were showing signs of peaking.

The Rental Home Market in Spain Continues to Rise

The gross yield on rental housing stood at 6.81% for multi-family properties and 5.61% for single-family units in Q1 2020, according to data collected by BrainsRe.

The Retail Crisis of 2008 Lasted 5 Years and the Price of Premises Fell by 33%: How Much Will They Fall by during this New Crisis?

The Covid-19 crisis has come at a time when the prices of commercial premises have not yet recovered from the previous recession, the consequences of which lasted for five years.

The 2008 Crash Lasted 7 Years and Industrial Property Prices Fell by 40%: What will Happen in this Crisis?

By last year, industrial assets had recovered only 17.5% of the value that they lost during the 2008 real estate crash, after dipping to minimum levels in 2014. According to the College of Registrars, the average transaction price was €527/m2 at the end of 2019.

Latest news

The Real Estate Sector Post-Crisis

Real estate experts are in no doubt about the footprint that coronavirus is going to leave on the sector. Highlights include greater digitialisation, new investment opportunities and higher productivity.

Aedas Finalises the Refinancing of a Syndicated Loan for €150 Million

The property developer is negotiating the financing for €150 million with Citi, Goldman Sachs, Deutsche Bank, EBN and Liberbank.

Investment by Spaniards in Housing has Risen by 50% Since 2014, Exceeding that of any Other Asset

'Weak' population growth and the high stock of unsold homes will limit the growth of the supply of real estate, warns the Bank of Spain.

Vivenio Asks to Carry Out a €7.2 Million Capital Increase

The Socimi will take the proposal for two capital increases amounting to €3.3 million and €3.9 million to its General Shareholders' Meeting, which is scheduled for June.