trending Market Intelligence /marketintelligence/en/news-insights/trending/AlqCigkTSxnrDwOWpMvy7Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Santander injects €335M into new real estate developer

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Report: Santander injects €335M into new real estate developer

Banco Santander SA has injected €335 million into new real estate development company Landmark, which was created in 2019 to develop the land the Spanish lender has on its books, El Economista reported.

The unit has land valued at €1.62 billion net, when taking provisions into account, the paper said.

Santander may also spin off part of the company to clean up its balance sheet, according to the Jan. 8 report.

Spanish banks were left with a large amount of real estate debt following Spain's real estate boom and bust in the 2000s.