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
5 tips to describe a property

There is increasing competition among real estate sales announcements, thousands of them are distributed mainly through the internet and it is vital to know how to create ads that stand out from others, that are able to attract attention as much as possible. For this it is necessary, in addition to describing the property in a ......

Importance of Capture Filtering

We finished the previous postcard saying that it was not sensible or effective or economical to accept any feedback that reached our doors and that, precisely, we had a resource-the feedback filter-so that only the pertinent information for us enters our System. a) You have to capture (many) real estate per month! By cooo ... nter ......

Real estate transparency and its ke...

After what has happened in the crisis and the mistakes made by the real estate sector (evictions, empty flats, speculation, etc ...) society and the client demand, more than ever, transparency in this area because a great distrust has been created. Agencies and agents can do something about it to transmit security. ......

What does not include (or has delet...

The State Plan approved in March has undergone some modifications with respect to the draft submitted last year. The State Housing Plan 2018-2021 was approved last month by the Council of Ministers. Said Plan develops nine lines of action, focused mainly on housing rental assistance and increasing the park of ......