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Haya Real Estate manages the sale of Bankia building located at calle Serrano for more than 59 million euros


  • Haya Real Estate strengthens its leadership in the management and marketing of commercial properties
  • This is the transaction involving the highest cost of land attributable to each square metre for a commercial property in Spain
  • The property, with a constructed area of 908 square metres currently housing one of Bankia’s branch offices, has been sold to Prada, the Italian fashion group

Haya Real Estate («Haya»), Spanish company leader in management of secured credit and real estate assets, has managed the sale of Bankia building located on Madrid’s calle Serrano for more than 59 million euros. The transaction was signed at the end of April, and reached the level of 100,000 euros per square meter, the highest cost of land attributable to square metre for a commercial property in Spain.

The property, which currently houses a branch of Bankia on the so-called Golden Mile of the capital, has been sold to Prada, the Italian fashion group. The property benefits from an excellent location at the heart of the Salamanca district, only metres away from Paseo de la Castellana, and surrounded by the most exclusive boutiques of the city. It has a constructed area of 908 square metres divided into three floors, its main attraction being the lack of supply of properties of similar characteristics in the area, together with its 7-metre high façade of more than 15 metres along Serrano Street, which gives it a privileged position.

In order to maximize the price obtained for the transaction, the operation has undergone a competitive process developed over two months. During this process the main national and international funds and investors of the retail sector were contacted, receiving a total of 20 offers, which demonstrates the investors’ appetite for prime premises and Haya's extensive knowledge of the market.

With this transaction, Haya Real Estate totals more than 5,200 commercial premises and offices sold, ranging from small assets to prime properties, thus demonstrating its expertise in this area.

About Haya Real Estate

Haya is the leading company in the management of Non-Performing Loans and Real Estate Owned assets (NPLs and REOs, respectively) in Spain. The company manages assets as well as financial and real estate vehicles for a wide variety of clients, from financial institutions to international investors. In total, Haya is responsible for €31.8 billion of AuMs (Assets under Management).

Haya offers products and services covering the entire value chain of NPLs and REOs. Its NPL services focus on the management of corporate or individuals’ debt, with a high degree of specialization in the valuation, management and recovery of loans and the conversion of non-performing loans into real estate owned assets. Real estate services are delivered to a portfolio of ~189,000 assets under management, and they range from asset boarding, property management, maintenance and valuation to its commercialization. Haya's services are fully integrated into the lifecycle of each NPL / REO, and also involve portfolio advisory, underwriting capabilities, land management, completion of works in progress and securitization.

Haya’s main clients include financial institutions such as BBVA, Caixabank (former Bankia), Cajamar, Liberbank, Sareb and international investment funds such as Cerberus Capital Management. The company employs ~863 professionals, featuring an extensive sales network that covers the entire Spanish geography. Haya has invested ~€63 million euros in cutting-edge technology, data analysis and IT tools focused in process efficiency and performance delivery.

Contact details:

Media Relations:
Kreab.

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