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BBVA Sells 1.000 Properties to the U.S. Fund

BBVA has closed the sale of 1.000 properties to the U.S. investment fund Baupost Group. (…). Unofficial sources talk about an amount of 100 million Euros involved in the transaction.

At present, many banks decide to sell their real estate assets following the general plan of reducing the balance. (…).

Thus, for instance, Bankia granted the control over its real estate company to the U.S. fund Cerberus Capita, while La Caixa sells a part of its real estate firm to the U.S. TPG. (…).

Source: El País

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