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Advised on
€ 44.7 billion

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.

 

Portfolio origin

 

 

Gross value

 

 

Seller

 

logo-bancosantander

Buyer

 

blackstone-logo


€12 billion
Non Performing
Loans

€18 billion
Real Estate
Owned

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