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Haya Real Estate is awarded the management contract for Bankia's real estate assets

  • The contract signed with Bankia includes both the stock of existing assets and the flow of new assets the entity has been awarded for a minimum term of ten years.
  • The agreement currently affects a perimeter of 5.400 million euros.
  • With the new agreement, Haya Real Estate will have more than 42,400 million euros in assets under management, boosting its leadership in the services market for Spanish financial institutions.

Madrid, 27 April 2018. Haya Real Estate has been awarded the contract for the management of all of Bankia's real estate assets, including those from the recent acquisition of BMN.

To this end, both companies today signed the novation of the real estate and credit asset management contracts and the service level agreement they signed in September 2013.

The contract signed with the bank includes the stock of existing assets and the flow of new assets awarded for a minimum period of ten years. The agreement currently applies to a perimeter of 5.400 million euros.

After this operation, Haya Real Estate reaffirmed its position as the benchmark company in the Spanish services market for financial institutions and institutional investors, with more than 42.400 million euros in assets under management. The novation signed today joins the current management agreements Haya has with Cajamar, Sareb and Liberbank. The group has extensive experience in the management of credit and real estate asset portfolios, from when the debt with one of the aforementioned financial institutions arises to the marketing of the properties, thus covering the entire cycle.

Haya Real Estate has a highly diversified business with six business segments: integral secured debt management service; management and marketing of real estate assets; asset portfolio management (leasing); advisory; property development and securitisation; and a growing customer portfolio.

Since its incorporation, Haya has grown steadily on a continuous basis, bringing in new lines of business and diversifying its portfolio, achieving a leading position thanks to a constant record of sound financial results. This can be seen in the success of its debut in the debt market with the issue of 475 million in covered bonds.