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Tilden Park enters in Spain by investing more than €100M in NPLs
08 January 2020 | Vanessa Sousa

British management company Tilden Park’s first operation in Spain was closed at the end of the year with Coral Homes from which it bought an NPL portfolio which includes 2.500 houses, estimated at between 100 and 150 million euro.

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This operation is part of the British fund’s Project Kingfisher, which is being advised by Hipoges. The seller was advised by Alantra, reported El Confidencial.

But this wasn’t the first operation the company closed in Iberia, since, last November, Tilden Park acquired 1.800 toxic loans and 180 buildings from BPI in Portugal.

Coral Homes is owned by American Lone Star (80%) and CaixaBank (20%). According to the same newspaper, this operation was the first to be carried out by Coral after incorporating the assets adjudicated from Caixa Bank for which it paid 6.700 million euro.