Thursday, January 28, 2021
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Santander Launches a Real Estate Company, Landco, With Land Worth €4.5 Billion

The financial entity has completed the launch of its land management company Landmark (now Landco), which owns 13,000 assets including developable and rustic land and plots under development.

Santander has taken another step forward in the active management of its real estate exposure. In this case, after handling the integration of its servicing services, launching its own non-performing real estate asset manager and purchasing a Socimi that owns bank branches, now the financial institution chaired by Ana Botín has completed the process to create its own land manager: Landco (formerly Landmark).

The new real estate agency has received 13,000 assets from Santander, with a gross value of 4.5 billion euros, located in 3,500 different urban areas. Almost half of the land (45%) is for final use, whilst another 40% corresponds to land under management and the remaining 15% is rustic.

Read the full article in Spanish.

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