Spain 
Italy 
Greece 
ECS Paid Out €75 Million in 2019
2 October 2020 – ECS’s Real Estate and Tourism Recovery Fund distributed €75 million in commissions in 2019 to banks including Caixa Geral de Depósitos, BCP, Novo Banco and Oitante (which manages assets that belonged to Banif).
The fund had already distributed 195 million euros to its shareholders by 2017. Additional sales will allow the fund to distribute another €75 million. Those sales include the Lisbon Towers, which the fund sold to the Castel group for approximately 100 million euros. ECS also sold the Fontes Pereira de Melo building in Picoas, Lisbon, to the German fund Deka Immobilien for more than €125 million.
Original Story: Jornal de Negócios – Alexandra Machado
Translation/Summary: Richard D. Turner