Radar > 224922

Sareb puts assets worth EUR 500m up for sale

Sareb pone a la venta EUR 500m en activos

Intel ID : 224922
Synopsis

Spain-based Sareb (Asset Management Company for Assets Arising from Bank Restructuring) put a portfolio of assets worth EUR 500m up for sale, as reported by newspaper Expansión published in an article on 7 May 2015.

This portfolio, known as Proyecto Birdie, is the real estate inherited from Polaris World, and comprises three golf courses, two five-star hotels and several residential complexes, built by Polaris in Murcia, as well as mortgages with real estate collateral that have not yet been executed.
(content in spanish)

La entidad española Sareb (Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria) ha puesto a la venta una cartera de activos por valor de EUR 500m, según ha reportado el diario Expansión en una información del día 7 de mayo de 2015.

La cartera, conocida como Proyecto Birdie, es la herencia inmobiliaria recibida de Polaris World, y comprende tres campos de golf, dos hoteles cinco estrellas y varios complejos residenciales, construidos en Murcia por Polaris, además de préstamos con colateral inmobiliario que todavía no han sido ejecutados.

Seller

Sareb
Spain

Advisors

retained

Intel ID 224922
Value EUR 500,00m
Native Currency Euro (EUR)
Financial Data - Sareb
(31 Dec 2023)
Revenue: EUR 1.849,85m
Net Debt: EUR 28.250,44m
People: 301
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Tags

Seller

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

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Description

Financial Advisory

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.