Southern Europe

Spain to drive 2018 NPL sales, says Evercore

‘Mega-deals’ in the Spanish market during 2017 could encourage other banks to put portfolios on the block, says the investment banking firm.

2 min read · 02 February 2018

Spain’s bad bank, five years on

Sareb has managed to reduce bad loans by almost one-third, but divestment of toxic assets remains behind target.

4 min read · 26 January 2018

VIDEO: DRC’s Lattanzio on Europe and the refinancing trend

Dale Lattanzio, managing partner for DRC Capital, talks with Real Estate Capital about the prospects and trends for 2018.

1 min read · 18 January 2018

Oaktree buys €150m of Spanish NPLs

Oaktree Capital Management has bought a portfolio of non-performing loans with a nominal value of €150 million from Sareb, Spain’s ‘bad bank’.

1 min read · 02 January 2018

Deutsche Bank acquires €375m NPL portfolio

Deutsche Bank has acquired a portfolio of non-performing loans with a nominal value of €375 million from Sareb, Spain’s ‘bad bank’.

1 min read · 21 December 2017

Cerberus sources €3bn financing from Morgan Stanley – report

US private equity firm Cerberus has signed €3 billion debt financing with Morgan Stanley to finance the acquisition of BBVA’s bulk of property assets, Spanish media reported.

2 min read · 11 December 2017

Residential Finance: The Spanish revival

Residential development in Spain is back, with banks again willing to provide finance and reckless lending a thing of the past.

6 min read · 06 December 2017

Nick Weber: Parking capital

Henderson Park’s Nick Weber is targeting value-add opportunities in a late-cycle market. Europe’s wall of debt maturities is helping to create them.

10 min read · 04 December 2017

BBVA sells bulk of property assets to Cerberus

Spanish bank BBVA has sold an 80 percent stake in its domestic real estate business to US private equity firm Cerberus for €4 billion.

2 min read · 29 November 2017

Gaining ground

Lenders trying to capture high-yielding opportunities should consider the lack of debt available to buy land for Spain’s residential comeback.

3 min read · 16 November 2017

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