Sabadell Finalises the Sale of Sdin Residencial to Oaktree

29 January 2020 – Eje Prime

Banco Sabadell has created a company to which it will transfer the assets that it is going to sell to the US fund Oaktree.

The new subsidiary was constituted at the end of 2019 and will take ownership of Sdin Residencial’s property developments and plots of land.

Banco Sabadell agreed to sell Sdin Residencial’s asset portfolio to Oaktree last summer for €882 million.

Original Story: Eje Prime

Translation/Summary: Carmel Drake