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

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
Septimio Acindino or the Justice of...
Septimio Acindino or the Justice of Rome

Being Septimio Acindino proconsul of Syria in the time of Trajan (53 to 117 AD), he commanded, to arrest a Christian in Antioch, because he had not paid the Roman administration a certain amount of gold with which he had been fined. As the debt could not be returned, Acindino, in application of ......

The necessary regulation of the rea...
The necessary regulation of the real estate sector in Andalusia

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 ......

The legend of the Gordian knot
The legend of the Gordian knot

1 The origin of the Gordian knot. (1) In the city of Gordion, on the Anatolian peninsula, before Phrygia, in present day Turkey, there was once a king who died without offspring. To resolve the succession to the throne, the oracle of the temple was consulted, which indicated that they should crown the king, the first man ......

The shortage of supply coupled with...
The shortage of supply coupled with the deactivation of new promotions will make Barcelona's park more expensive in an artificial way

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 ......