Castlelake and Urbania have bought toxic assets from Unicaja. The US investment fund and the real estate group have acquired the lands from a portfolio that included problematic assets and mortgages that were paid-up to date. The mortgage part was bought by Mediterráneo Vida.

Among the lands bought by Urbania there is a plot located in Sánchéz Blanca area, in Malaga, for which are planned 2,000 dwellings, according to El Confidencial.

These assets were part of a portfolio valued in €830 millions, that the bank as finally successfully sold for €949 million, getting capital gains of €17 millions.

Original Story:EJE Prime 
Photo: Unicaja banco site
Translation & Edition:Prime Yield