Previous Next
Cerberus closes purchase of NB’s Sertorius portfolio
09 January 2020 | Vanessa Sousa

American Cerberus closed the purchase of the Novo Banco's Sertorius Portfolio. The price of this transaction wasn't disclosed.

Foto

The portfolio includes more than 200 buildings located mainly in Lisbon and Setubal and also empty terrains and logistic, housing and commercial assets.

The deal was concluded during last year’s second semester (between 18 of October and 17 of December) and was advised by PwC representing the seller, reveals Novo Banco to Iberian Property. 

The consultant JLL pointed out in a release issued last week that «the growing dynamics in terms of trading large portfolios of real estate owned asset – REOs and non-performing loans- NPLs» in 2019. This segment grew in line with the «strong» activity registered in 2018 and it should reach 6 billion euro according to the consultant.

The sale of Projecto Nata II, an NPL portfolio, to Davidson Kempner by Novo Banco for 3.3 billion euro was a large contributor for this activity.

Last Update at 9:46 a.m on 22 of January 2020