• Transaction / Assets
    NPL portfolio
  • Seller
    Bankia
  • Buyer
    Golden Tree
  • € MM

US Fund Golden Tree Buys €300M Portfolio from Bankia

30 April 2018 – Iberian Property

According to El Independiente, the portfolio in question is Proyecto Giants. This deal represents Golden Tree’s first operation in Spain.  The US fund manages debt amounting to approximately €25.5 billion.

Bankia wants to reduce its exposure to toxic real estate assets by €8.8 billion to €8.4 billion by 2020.

Original story: Iberian Property (by Ana Tavares)

Edited by: Carmel Drake

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