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Servihabitat to Manage €1.2 Billion of Kutxabank’s Real Estate Assets

The 10,000 assets that comprise it are half land and half residential and commercial, primarily in Andalusia and the Basque Country.

Promocion vivienda casa en Baleares de Servihabitat

Lone Star and CaixaBank’s servicer, Servihabitat, have won a new contract. In this case, it has been awarded the management of the real estate asset portfolio of the financial institution Kutxabank, valued at 1.2 billion euros.

The bank’s portfolio is made up of 10,000 assets, concentrated in Andalusia and the Basque Country. Of this, 50% is residential and commercial, and the other half is land.

Neinor holds the contract until May 2022, but was eliminated in the process at the beginning of July. From that month, Servihabitat will take over for the next five years.

In 2020, Servihabitat closed 12.2% more deals than in 2019. During 2021, it has focused its strategic plan on land management, mobilising land markets that will enable it to expand the supply of housing.

Read the full article in Spanish

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