Banks continue to reduce their real estate portfolio thanks to foreign investors. Unicaja Banco has informed the CNMV (National Securities Market Commission) of the transfer of 75% of two holding companies of real estate assets to the Norwegian firm Axactor, which translates into a total of more than 4,000 properties. Of …

More than 4,000 properties sold by Unicaja to Axactor

Banks continue to reduce their real estate portfolio thanks to foreign investors.

Unicaja Banco has informed the CNMV (National Securities Market Commission) of the transfer of 75% of two real estate asset holding companies to the Norwegian firm Axactor, which translates into a total of more than 4,000 properties . In this way, it will reduce by 252 million euros the volume that represents unproductive assets in the balance sheet, decreasing them by 21% in the last year.

This Unicaja agreement with Axactor also envisages entrusting the administration and marketing to Acquired Property Management (GIA), the Unicaja company specialized in managing and selling real estate and is one of the largest Unicaja operations of this type, the second that this entity carries out with the Norwegian company.

Author of the image: Tyk (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

34fifty.com
Is it reliable to consult the onlin...

Currently it is possible to consult the website of the Ministry of Finance of each Autonomous Community the value of a house for the purposes of payment of ITP (Transfer Tax Patrimonial) or ISD (Inheritance and Donations Tax). On the other hand, this tool is not considered valid by all Autonomies and may require a ......

The necessary regulation of the rea...

Content1 At the request of professionals in the sector, Andalusia modifies the rules governing management and real estate brokerage.2 Creation of public registry 3 The denomination of real estate agency or real estate agent4 Obligations of agents and agencies5 Sanctions6 Related news At the request of professionals of the sector, Andalusia modifies the norms that ......

Interviews and personal sales

1 End of the real estate sale according to the type of interview It is difficult that a sale of high price and risk such as real estate is completed in a single session or interview. More often than not, our sales work is carried out through a series of meetings in which ......

The shortage of supply coupled with...

June 25, 2018. The mayor of Barcelona faces a judicial battle over the imposition of 30% of protected housing. Businessmen and associations prepare a flood of consultations to the big law firms to legally stop the controversial initiative of Ada Colau. 'We can not sit idly by,' confesses a Catalan promoter. The measure taken ......