The company has been forgiven a debt of €220 million by Banco Popular in 2014. Its portfolio, composed of Spanish offices and shoppings, goes to the new owner with 8 assets in Alicante, Murcia, Cartagena, Madrid or Castellón, according to the Spanish Real Estate.
Project Qasar was created to concentrate €30,000 million gross on Banco Popular assets. It made the decision to incorporate this company just one week after receiving a capital injection of €300 million.