Servihabitat Makes €106 Million in H1, Up 26% YOY

30/07/2014 – Expansion

Servihabitat, a property and loan servicer controlled by TPG (51% of the stake) and CaixaBank (49%) earned a staggering €106 million during the first half of 2014, meaning by 26% more than in the same period of 2013.

In total, Servihabitat took in over €1.5 billion through sales and rentals (developer balance excluded). The firm´s ebitda post €41 million.

The servicer managed a real estate portfolio consisting of 166.466 units at the end of June, a volume by 8.5% greater in comparison to the second half of 2013. The value of both financial and property assets hit round €43 billion.

Real estate assets solely represent a €24.89 billion worth, whereas property-backed mortgages amount to €3.24 billion. Other financial assets taken under Servihabitat´s management recently represent €14.98 billion.


Original article: Expansión

Translation: AURA REE