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Lone Star places 2.500 dwellings acquired from CaixaBank on the market
28 October 2019 | Vanessa Sousa

A new Non-Performing Loans (NPL) portfolio should soon be placed on the market. It belongs to American Lone Star and is composed of 2.5000 dwellings included in the portfolio it acquired from CaixaBank last year.

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Several bids are expected for the purchase of this portfolio – called, according to El Confidencial, Proyecto Kingfisher – within the next few weeks. Alantra might be one of the potential buyers, according to market sources.

The amount estimated by the American company for the sale of this NPL set was not disclosed. 

Lone Star closed the purchase of 80% of Caixa Bank’s real estate business last July for 7 billion euro, through its society Coral Homes. This deal also included the control of real estate company Servihabitat.