20 July 2019 – Richard D. K. Turner
Banco Sabadell has sold a portfolio of 500 houses in the metropolitan areas of Madrid and Barcelona for nearly 150 million euros to Azora. The bank took on the homes in the period between 2005 and 2012. The sale is part of the Spanish bank’s process of divestment of non-performing loans and foreclosed assets.
In recent months, Sabadell has made a series of sales, valued at some 600 million euros. The bank transferred a portfolio of eight residential buildings to Vivenio and sold a portfolio of logistic-industrial assets to Blackstone.
Original Story: Idealista