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Eurobank sells €84 m property portfolios to Brook Lane

Eurobank announced the sale of two real estate portfolios (projects Orus and Resi) worth a combined 84 million euros to Brook Lane Capital and plans to put a third portfolio up for sale. Eurobank repossessed most of the properties, residential and commercial, after loan defaults.

The bank, Greece’s third largest lender by assets, said it wanted to focus on other property assets on its books.

“Eurobank and a Brook Lane Group company signed the initial agreements and the transactions are expected to be completed in early 2020,” Eurobank said in a statement, adding that the two portfolios comprised 370 properties.

Original Story: eRed.gr

Adaptation/Translation: Kiki Athanasiadis

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