• Transaction / Assets
    500 homes in Madrid and Barcelona
  • Seller
    Banco Sabadell
  • Buyer
    Azora
  • € MM
    150

Azora Acquires 500 Homes in Madrid and Barcelona for €150 Million from Banco Sabadell

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

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