Correos to Set Up Real Estate Division to Generate Cash from Property Holdings

11 December 2019 – Spain’s Correos (post office) is looking to set up a real estate division to lease or sell many of the properties it owns in the most central areas of the country’s provincial capitals. So far, the firm has only reported income of two million euros on the properties. The new plan is a part of Juan Manuel Serrano’s new strategic plan for Correos. Serrano, the president of the firm, wants to generate more cash using the company’s real estate portfolio.  

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner

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