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Haya Titulización (Securitisation) is awarded the legal administration and representation of a Sareb Bank Assets Fund valued in more than € 811 million

  • This is the biggest Banking Assets Fund (FAB) in the history of Spain by amount
  • The FAB is composed of land and residential projects in development in different parts of the Spanish geography
  • With the management of this FAB, Haya Titulización has participated in four of the six FABs constituted in Spain.

Haya Titulización, reference Securitisation Funds Management Company in the Spanish market, with 20 years experience, has been awarded the legal administration and representation of the Banking Assets Fund “Árqura Homes Fondo de Activos Bancarios”, constituted by the Management Company of Assets from Banking Restructuring (Sareb). The vehicle has assets for more than € 811 million euros, which makes it the biggest FAB created up to now by Sareb.

This fund will be made up of land, current works and residential projects pending completion and marketing, spread throughout the national territory.

The FABs are an exclusive financial product of Sareb and aimed at institutional investors and with the capacity to be listed on the organized markets. This financial instrument is regulated by Act 9/2012 and Royal Decree 1559/2012 and has different operational, financial and tax advantages that allow for the maximumisation of its divestment process. In addition, the administration and representation of a Banking Assets Fund is limited to an assets securitisation management company which has obtained the appropriate authorization from the National Securities Market Commission (CNMV) to manage this type of instruments. After the agreement reached with Sareb, Haya Titulización will be responsible for the management and administration of Árqura Homes FAB, after a competitive process in which strict transparency and competition requirements have been required.

Jesús Sanz, general director of Haya Titulización, stated: "With this contract, Haya Titulización, consolidates its leadership in the management of this type of instruments. The confidence that a partner like Sareb has placed in us for a project of this size is a clear indication of the commitment and capacity that our team has shown over the years. We are convinced that the experience of the professionals that make up Haya Titulización provides an added and differential value in the management and administration of this type of funds".

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.

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