Grupo Cooperativo Cajamar has sold a €500 million ($593 million) real estate portfolio, Jaguar, composed of 6,000 assets to a subsidiary of Cerberus Capital Management.
The assets are located mainly in Andalusia, the Valencian Community, Catalonia, the Balearic Islands, and the Region of Murcia, Spain.
This transaction represents the largest NPE transaction in the Spanish market since the outbreak of COVID, and the largest divestment ever completed by Cajamar.
