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Cerberus’ bad debts portfolio rises to €4.500M
24 April 2019 | Vanessa Sousa

North American investment fund Cerberus reached 4.500 million euro in assets acquired using bad debt.

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This is, according to PropertyEu, the largest portfolio acquired using bad debt in Europe.

Currently, the American giant’s strategy is divided between investments and divestments.In terms of divestments, there is the sale of real estate management company Haya Real Estate, which is estimated at 1.200 million euro.

In terms of investment, there is its latest goal in the housing sector: to build 3.000 new dwellings in Spain this year. This goal, if it becomes a reality, will make Cerberus one of the largest housing developers in Spain.