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Cerberus buys majority of BBVA real estate loan book for €4bn

Spain’s second largest bank BBVA has agreed to sell 80% of its real estate portfolio to private equity group Cerberus for €4bn.
CoStar News
December 1, 2017 | 1:39 P.M.

BBVA said the real estate assets have a gross book value of 13bn with the whole portfolio valued at 5bn.

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News | Cerberus buys majority of BBVA real estate loan book for €4bn