Blackstone, with the financial advisory services of irea, buys the largest real estate portfolio in Spain from Banco Santander
The American fund has acquired 51% of Banco Popular’s real estate business from Banco Santander in a deal comprissing a gross value of €30 billion. The transaction includes Non Performing Mortgage Loans (NPLs) and REOs.
irea was the lead financial advisor for Blackstone on the deal and is now the leading financial advisory firm in Debt and REO portfolios, having advised on transactions worth in excess of €44.7 billion.
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