CatalunyaCaixa Seals the Deal on Its RE Servicer

5/06/2014 – Finanzas

CatalunyaCaixa has finally signed the sale contract naming Blackstone as the new owner. The U.S. fund paid €40 million for the bank´s property management firm.

Arrangements involve a transfer of  €9 billion worth of assets, both proceeding from CatalunyaCaixa and Sareb, and a 150-person staff of CatalunyaCaixa Inmobiliaria (CXI) to Blackstone. Eduard Mendiluce is going to keep his seat as the CEO of the real estate servicer.

CXI manages property in Spain, Portugal and Poland. Last year, the firm sold or rented 6.000 properties for the total of €680 million.


Original article: Finanzas

Translation: AURA REE