25 Oct, 2013 @ 06:00
1 min read

Real commitment to Spain

spanish property

FOREIGN invesment companies are hoping to buy into the property arm of Spanish bank Santander.

Three US groups are planning to make a joint bid on Altamira Real Estate as they look to break into the country’s recovering property market.

If successful, the deal would give the consortium a team of managers and a contract to handle Santander’s property sales, but would not include real estate assets on the bank´s books.

The consortium is following in the footsteps of rival firms, which have been entering into similar agreements with competitors.

Spanish real estate insiders have welcomed the news, which are taken as signs foreign investors are looking to commit to the country for the longer term.

Claire Wilson

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: newsdesk@theolivepress.es or call 951 273 575

3 Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

gibraltar
Previous Story

Making it personal – Gibraltar border chaos

Next Story

The pain in Spain is set to remain

Latest from Lead

Go toTop

More From The Olive Press