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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.

Why lenders should get to know Spain’s SOCIMIs

Almost a decade since the launch of the Spanish equivalent to the REIT regime, listed property vehicles are creating significant business in the debt space.

Hispania sources €340m loan to refinance debt

The Spanish REIT, recently bought by Blackstone, has signed a facility maturing in February 2020 with BNP Paribas.

The NPL deal that could unlock the Cyprus market

Apollo’s purchase of a €2.7bn loan portfolio from Bank of Cyprus is expected to reactivate the island’s property market.

DOWNLOAD: How Italy’s shift to populism is affecting real estate lending

Investment in Italian commercial real estate is down and there are signs of concern among lenders. This seven-slide presentation explores the impact of Italy’s new politics on the property sector.

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