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Southern Europe

SAREB risks losing momentum by abandoning NPL sales altogether

Spain’s ‘bad bank’ will not put large portfolios of toxic assets up for sale, despite high demand from investors. This refusal might be unnecessary.

Europe’s office opportunity moves south

Investment volumes for German offices are down as investors and their lenders increasingly look to Spain.

Italy drives record European NPL securitisations

The Italian GaCS scheme, expected to be replaced this year, has boosted European securitisations to €11.7bn, from €2.6bn in 2017.

Italy must shore up its laws to attract global capital

The dubious case involving Blackstone in Milan is only the latest obstacle for foreign investors.

Pbb backs Madrid offices in competitive Spanish market

The German bank has refinanced a portfolio of six assets for Tristan with a €170m loan along with local lender Caixabank.

Southern Europe’s NPL sales boom in three charts

Non-performing loan activity keeps growing in Spain, Italy and Portugal while sales in Europe reach record levels, according to Evercore.

‘Megadeals’ drive rise in 2018 NPL sales

The European loan sales market reached new heights last year, with €113.8bn of non-performing loans been sold, according to Evercore.

DOWNLOAD: Spain’s residential debt opportunity

Lenders have growing appetite to back Spanish housing schemes as the sector experiences a robust recovery from the last banking crisis.

Blackstone’s €337m financing deal shows lenders’ faith in Europe’s luxury hotel sector

The private equity firm’s property lending business has backed Värde Partners’ new hotel brand.

Spain is back in business

The debt tap to finance Spanish real estate is on. New players have entered the fray and competition to fund the right assets is growing stronger.

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