11 September 2017 – Eje Prime
Liberbank has created Project Invictus to offload its investment in one go. The company has engaged Alantra to sell a package containing more than 9,000 assets, above all residential properties. This portfolio is worth around €1,200 million and includes assets located in Madrid, the Community of Valencia, Castilla-La Mancha and Andalucía.
49% of the assets for sale are homes, but the portfolio also includes land and offices. This operation was launched at the end of July and has been baptised by Alantra as Project Invictus, according to Expansión.
Over the coming weeks, interested parties will hold meetings with the bank’s management team and binding offers are expected to be submitted to Alantra before the end of the first half of September. Liberbank had planned to close this sale before the month of October, but those time frames may have changed after the announcement of the capital increase.
Original story: Eje Prime
Translation: Carmel Drake