Cerberus-owned Haya Real Estate is planning to raise €475 million through a bond issue expected to close by 15 November. The senior, secured five-year bond includes a €250 million fixed-rate tranche, with an annual coupon of 5.25 percent; and a €225 million floating-rate tranche with a coupon of three-month Euribor (subject to a zero percent […]
2 min read · 13 November 2017
Barcelona’s office sector could be hit if Catalonia’s push for secession continues.
5 min read · 27 October 2017
The debt package has a loan-to-value ratio of around 65 percent.
2 min read · 24 October 2017
The portfolio is made up of €342 million in residential assets, land and work-in-progress properties amounting to €180 million and retail assets worth €80 million.
2 min read · 23 October 2017
Real estate market players investing in Spain through equity or debt should be aware that the struggle over Catalonian independence is not a minor setback.
2 min read · 19 October 2017
Deutsche Hypo will open a new office in Spain this year, as the German bank prepares to re-enter a market from which it pulled back in 2013.
3 min read · 10 October 2017
Sales of real estate loans and lender-owned properties look set to surpass the €85.9 billion 2015 market peak this year, on the back of large-scale loan sales and securitisations of non-core debt in the Spanish and Italian markets.
2 min read · 06 October 2017
Non-performing loan sales in Portugal look set to ramp up to almost €2 billion in 2017, according to the latest research from consultancy firm Prime Yield, which is based in the country.
2 min read · 03 October 2017
Spain’s ‘bad bank’ is selling a pool of non-performing residential loans with a face value of around €400 million in a pilot scheme.
2 min read · 11 September 2017
JPMorgan has provided a €150 million bridge loan to accelerate Spanish land acquisitions by local developer Neinor Homes.
2 min read · 01 September 2017
