Sales at Banco Popular and BBVA, however, are a substantial chapter in the country’s broken debt clean-up story, writes Juan Barba, managing director at Meridia Capital.
ING Real Estate Finance and Bilbao-based BBVA have provided €104 million of debt finance to Spanish SOCIMI Lar Espana Real Estate.
Three Spanish banks and a French bank have provided a €263 million loan to shopping centre investor Intu to fund its purchase of a mall in Madrid, Spain.
Major investors holding out on investments until November’s general election are causing an outcry from certain Spanish investment agents.
Santander is selling a €170m portfolio of hotel loans, Project Formentera. The loans are backed by 17 properties located across Spain. Twelve of the 17 hotels are in the southern city of Valencia and tourist hotspot the Canary Islands.

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