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land Market News: Spanish Real Estate Intelligence

Fidim acquired Inverigo GeoPark
09 March, Bebeez Fidim Srl has recently acquired the GeoPark in Inverigo from Building Real Estate (formerly Victory real estate). The area covers 1.6 million Sq m and spans through the provinces of Como, Lecco and Monza-Brianza. Fidim aims at requalifying the area by launching an international tender. Source: Bebeez Translator: Cristina Ambrosi  
 
Cerberus rejected the Saco bail proposal. The construction company ends up in liquidation
03 September, Bebeez The fund Cerberus, the main creditor of Saco, rejected the bail proposal of the construction company. Cerberus bought the Saco debts included in the NPL portfolio Rossini from Banca Marche for a gross value of 760 million euro. The debts of Saco towards the bank amounted to 135 million. The rejection by Cerberus will result in the liquidation of the company’s assets, assessed around 130 million and including real estate assets and developable areas. Source: Bebeez Translator: Cristina Ambrosi