Mangla Group sets up €1.2bn Catalan lending fund

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Mangla Group sets up €1.2bn Catalan lending fund

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General strike in Catalonia in protest of what happened during the referendum last October 1, in Barcelona, on October 03, 2017. Photo: Joan Valls/Urbanandsport/Gtresonline | GTRES/GTRES/PA Images

India’s real estate firm Mangla Group has joined with a Catalonian pro-independence business lobby, Cercle Català de Negocis (CCN), to establish a new property-backed direct lending fund aimed at businesses in Catalonia and the Balearic islands.

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