Bankia Allies With Real Estate Agencies

10/03/2014 – Expansion

Over 100 brokers of the real estate property in Madrid (in Spain called Apis) will be employed by Bankia to sell the bank´s property on the market. (…). The bank targets at shedding the lots of property awarded to Sareb and in parallel selling packages to private equity funds.

Last week, Bankia put on sale 300 properties with 40% discounts, published on website. (…) Through the webpage, each year the bank sells more than 13.000 properties, most of them found on the Mediterranean coast and in the Community of Madrid.

Right now, Bankia together with several other financial entites is trying to sell the Castellana 200 complex at asking price of €100 million.


Original article: Expansión

Translation: AURA REE