Tuesday, August 4, 2020
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Sareb Hires Corcóstegui to Recover its Non-performing Loans

Sareb (the Company for the Management of Assets proceeding from the Bank Restructuring) has engaged the services of Lexer to provide legal support in the judicialisation and recovery of non-performing loans, according to reports from Vozpópuli. Lexer is a firm that specialises in financial services, which was acquired by Magnum Capital, the largest Spanish private equity firm, founded by Ángel Corcóstegui.

Last year, that firm launched an operation to concentrate various offices specialising in debt recovery by merging Lexer, Medina Cuadros and Cobralia. The operation took place whilst lawsuits against banks for floor clauses and mortgages with IRPH (mortgage loan reference index), amongst others, were in full swing.


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.

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Blackstone Buys Gallastegui’s Portfolio of Logistics Warehouses in Spain

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The Banks Get Ready for a Rebound in Defaulted Payments with Reserves Amounting to €11 Billion

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