Spanish Eye More Property Ownership

Spanish banks may continue opting for property ownership to avoid getting burned by more bad loans, according to Alberto Manrique, managing director of Caja Madrid’s property unit.

  • 27 May 2009
Spanish banks may continue opting for property ownership to avoid getting burned by more bad loans, according to Alberto Manrique, managing director of Caja Madrid’s property unit. Speaking to a conference, Manrique said that financial institutions have already acquired stakes in some property companies—including Metrovacesa and Colonial—but doesn’t ...

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