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Southern Europe

Pbb backs Madrid offices in competitive Spanish market

The German bank has refinanced a portfolio of six assets for Tristan with a €170m loan along with local lender Caixabank.

Southern Europe’s NPL sales boom in three charts

Non-performing loan activity keeps growing in Spain, Italy and Portugal while sales in Europe reach record levels, according to Evercore.

‘Megadeals’ drive rise in 2018 NPL sales

The European loan sales market reached new heights last year, with €113.8bn of non-performing loans been sold, according to Evercore.

DOWNLOAD: Spain’s residential debt opportunity

Lenders have growing appetite to back Spanish housing schemes as the sector experiences a robust recovery from the last banking crisis.

Blackstone’s €337m financing deal shows lenders’ faith in Europe’s luxury hotel sector

The private equity firm’s property lending business has backed Värde Partners’ new hotel brand.

Spain is back in business

The debt tap to finance Spanish real estate is on. New players have entered the fray and competition to fund the right assets is growing stronger.

Spanish alternative finance gains traction with new entrant

Azora and Oquendo Capital have launched a property lending platform in Spain, which is expected to raise €300m for its first vehicle.

Bain funds its Spanish developer’s residential drive

The credit arm of the US private equity giant has lent €240m for land purchases to Habitat Inmobiliaria, which it acquired earlier this year.

A year after the Catalan crisis, Barcelona is back in favour

Political tensions between Catalonia and Spain’s central government have not disappeared, but an upturn in investment activity in the region suggests it is back on the map for investors and lenders.

The growing momentum of Portuguese NPL sales in two charts

Around €2bn of non-performing loans have been sold in Portugal so far in 2018, while a further €4.2bn of live deals are being tracked, according to Evercore.

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