Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's Kutxabank sells property business

Source: Reuters - Thu 18th Dec 2014
Spain's Kutxabank sells property business

Mid-sized, unlisted Spanish lender Kutxabank said on Thursday it had sold its property management arm and about half the real estate assets on its books to U.S. investment firm Lone Star for EU930 Mln.

The deal is the latest in this sector in Spain, and one of the largest so far. International investment groups have been buying property management businesses from Spanish banks such as Santander and Popular in recent months.

The lenders want to put the worst of a real estate crash behind them while the funds hope to earn fees from managing loans and housing sales.

Basque-based Kutxabank's real estate management platform is known as Neinor.

Recommended Reading :

* Study into Spain's Bank charges

* Spain acts to modernize regional savings banks

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

 
Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.