Radar > 217965

CaixaBank puts real estate asset Building Center up for sale

CaixaBank pone a la venta activos de su inmobiliaria Building Center

Intel ID : 217965
Synopsis

CaixaBank has put its real estate company Building Center up for sale, by creating two portfolios: portfolio Port in which the sale was managed by Deloitte, and portfolio Bridge managed by Morgan Stanley. These portfolios are valued at EUR 120m and between EUR 800m and EUR 900m, respectively.

In addition, CaixaBank could order the creation of other portfolios. All these transactions are part of the group's strategy to divest its non-strategic assets.
(content in spanish)

CaixaBank ha puesto a la venta activos de su inmobiliaria Building Center, y lo ha hecho a través de la constitución de dos carteras o lotes: la cartera Port cuyo proceso de venta gestiona Deloitte, y la cartera Bridge, cuyo responsable es Morgan Stanley. Estas carteras tienen un valor de EUR 120m y entre EUR 800m y EUR 900m respectivamente.

Además de las carteras que ya están a la venta, CaixaBank podría ordenar la formación de lotes adicionales. Todo ello responde a una estrategia del grupo para desprenderse de activos no estratégicos.

Seller

Ultimate Owner (Seller)


Intel ID 217965
Value ND
Native Currency Euro (EUR)
Financial Data - BuildingCenter
(31 Dec 2021)
Revenue: EUR 877,80m
Net Debt: EUR 12.562,52m
People: 121
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Subsector (Old TTR Sectors)
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Tags

Seller

Name
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Ultimate Owner (Seller)

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.