Haya Real Estate increases its lease portfolio by more than 50% in the last year
- Haya Real Estate extends its leadership to the management of asset portfolios
- The company reached record volumes with 20,838 assets for rent in 2018
- In the last three years it registered accumulated growth of 192% in the lease portfolio
Haya Real Estate ("Haya"), leading Spanish company in the management of debt and real estate assets, has today published the data of its lease business. The group in 2018 reached record volumes with 20,838 assets in this portfolio in 2018, which represents an increase of more than 50% compared to the previous financial year. At the close of 31 December 2018, the portfolio is valued at more than 2 billion euros and its average profitability is around 5%. The more than 20,800 assets managed under lease correspond to six large customers, which include banking entities, asset investors and insurance companies.
In this way, Haya Real Estate extends its leadership to the lease segment and strengthens the diversification of its business lines. In the last three years, the company has registered cumulative growth of 192% in the number of leased assets. All this shows its excellent capabilities for the asset management and reinforces even more the success of the comprehensive service offer for the customers.
At the close of the previous financial year, the Haya Real Estate's lease portfolio was made up of 78% residential assets, compared to the remaining 22% which is made up of tertiary assets, like offices or logistical warehouses. Region of Valencia (16.2%), Catalonia (12.8%), Madrid (12.0%) and Andalusia (11.3%) are concentrated the rest of the available portfolio. 57% of its portfolio is atomised – a particularity compared to other asset managers concentrated only on developments – which shows the technical, administrative and commercial management capacity of Haya Real Estate throughout the country.
Haya offers cover for all of the real estate cycle, from the credit management to the marketing of the property, also including the asset promotion and management. In addition, the company offers support in decision-making through its Advisory area and an alternative for the financing of projects through asset securitisation.
About Haya Real Estate
Haya is the leading independent providers of real estate and debt management services, and the largest bank-independent third-party servicer of Real Estate Development loans (“REDs”) and Real Estate Owned assets (“REOs”) in Spain. It services assets on behalf of its financial institution and institutional investor clients and has assets under management of more than €47 billion.
Haya’s core service offering covers the entire value chain of loans and real estate assets. For REDs, this comprises advisory and underwriting for loans and collateral; debt management and recovery; and conversion of RED obligations into REOs. For REOs, this comprises admissions and repossession; management of REOs; and the sale and rentals of REOs. Haya’s integrated offering of real estate servicing solutions also includes portfolio advisory (selection, valuation and negotiation), land development advisory, rental management, real estate advisory, brokerage and securitization.
Among its main clients are Bankia, BBVA, Grupo Cajamar, ING, Liberbank and Sareb. Haya employs ~900 professionals and has a sales network over 2,500 real estate brokers. The company has invested ~€38 million euros in cutting-edge technology, programs and data analysis in order to improve process efficiency.
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