Servihabitat’s Revenues Rose By 17% To €248M In 2015

12 July 2016 – Expansión

Servihabitat, the real estate company controlled by the fund TPG (51%) and partially owned by CaixaBank (49%), closed 2015 with a turnover of €248 million, up by 16.7%. The company led by Julián Cabanillas sold more than 21,100 units during the year. The firm also increased its portfolio of assets under management by 15.2% during the year, to 230,661 units, which have a combined value of more than €50,000 million.

The increase reflects the incorporation of assets previously owned by Sareb and the signing of contracts with other corporate clients, beyond the La Caixa group. In addition, Servihabitat manages financial assets worth €20,000 million. The growth in the business has resulted in several new hires; the firm now employs 453 people, up by 32%.

Original story: Expansión

Translation: Carmel Drake