Axactor Invests €250 Million Purchasing Real Estate Assets from Two Spanish Banks

26 March 2018

Axactor’s bilateral agreement with Cajamar, called Tango II, covers more than 600 assets and has an estimated value of approximately 30 million euros.

Axactor, the Nordic multinational debt buyer, finalised its acquisition of several assets from Cajamar and another undisclosed financial entity for an amount exceeding 250 million euros, the company said in a statement.

The bilateral agreements reached with the other Spanish financial entity, whose identity was not disclosed, are called Omega 1 and Omega 2 and are composed of a portfolio of more than 2,000 assets foreclosed properties valued at 80 million euros.

Since its arrival in Spain in 2015, the fund’s investments in more than 15 debt portfolios have exceeded 4 billion euros in nominal value.

Original Story: EjePrime

Translation: Richard Turner

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