The bank will sell more than 150,000 million toxic real estate banking assets in 2018. Real estate investment funds have bought large masses of real estate assets, and the bank has made great offers on its real estate portfolio.

The bank will have sold more than 150,000 million toxic assets by the end of the year

Real estate news, Banking assets and investment funds.

The bank will sell more than 50,000 million euros in real estate banking assets.

Since 2014, about 1000 billion bank assets have been sold.

Following the recommendations of the ECB (European Central Bank), the bank has carried out the sale of large portfolios with the aim of releasing its unproductive assets. For four years, the bank has disposed of them for an amount of almost 102,000 million euros, mainly directed at large real estate investment funds.

Sale of toxic banking real estate assets

Evolution of sale of real estate banking assets
Graph of the period 2014 to 2018 on the sale of real estate bank assets.

The data of the ECB reflect that the Spanish financial system accumulated 106.220 million euros in assets linked to the crisis at the end of 2017.

Real estate operations of banking

After CaixaBank closed the sale of its real estate business to LoneS There are still two major operations to be completed in 2018 by Sabadell and Sareb. The first studies to close the sale of 10.9 billion euros of unproductive assets before August.

However, it was Santander who inaugurated these "mega-operations" with the sale of 30,000 million euros to a joint venture with Blackstone . And for its part, BBVA agreed with Cerberus the divestment of 13,000 million euros in real estate assets.

According to Deloitte, the largest sellers of bank assets in 2017 were: Santander (30.5 billion of euros), BBVA (13.2), CaixaBank (2), Sabadell (1.3) and Bankia (1.1).

In general, the entire banking sector is carrying out mass sales operations of your real estate banking assets.

International real estate funds

Buyers of these assets tend to be opportunistic funds. As the Deloitte studies show, in 2017 the most active were:

  • Blackstone (30,700 million)
  • Cerberus, (13,000 million)
  • Bain Capital, (1,300 million)
  • Lindorff (1,200 million)
  • Deutsche Bank (1,100 million euros)

Therefore, it is estimated that at the end of the year banks have disposed of more than 150,000 toxic assets inherited from the crisis.

Related news bank assets:

Foreign investment funds plus portfolio buyers in Europe

The bank will maintain its upward trend in the sale of real estate portfolios

The most active entities in the sale of delinquent portfolios: Sant ander, Sabadell and BBVA

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 ......

Real estate transparency and its ke...
Real estate transparency and its keys

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. ......

Are there still old rent rentals?
Rent of old rent

In Spain there are still rents of so-called old-rent housing, governed by past social policies that were applied at the end of the 50s to favor access to housing in times of need....

The new regulation of holiday renta...
The new regulation of holiday rentals in the Canary Islands is prepared

The Canary Islands Government presented last May a draft of the new decree to regulate holiday rentals in the archipelago. The idea is to prevent its development in residential land in tourist areas, although with exceptions. According to the Regional Tourism Adviser, Isaac Castellano, the Government's objective is to "update" the regulations, the ......